We get basis for the PPP and EIDL advance amounts without it being taxed and we get to deduct the expenses which is great. The one thing I have not been able to...
To clarify that, PRF would most likely be a taxable grant (I haven't looked at it) but PPP and EIDL advances are not taxable. Expenses for PPP and EIDL advances...
That was changed by congress where the expenses are now deductible even though the forgiveness is nontaxable. I put my PPP/EIDL advance amounts as tax exempt in...
