My husbands business received a PPP loan that has been determined non forgivable. He is appealing the decision. Do we show the PPP loan amount on our return?
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1 Replies
RobertB4444
Expert Alumni
Mar 9, 2022 10:16:10 AM
Even if the loan isn't forgiven the money isn't income - especially if you have to pay it back. The only place it needs to be entered is on the balance sheet of your husband's company. You definitely don't owe taxes on it.