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    • Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
    Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
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    ppp

    S C
    Level 2
    ‎12-18-2020 09:21 AM

    is the ppp forgiveness is taxable?

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    3 Comments 3
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-18-2020 09:27 AM
    No, but the expenses you used it to pay, aren't deductible either.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    George4Tacks
    Level 15
    ‎12-18-2020 09:27 AM

    is the ppp forgiveness is taxable?


    Answers are easy. Questions are hard!
    BobKamman
    Level 15
    ‎12-18-2020 10:12 AM

    It might be by next week.  There are enough stupid things in the legislation now being negotiated in Congress, that it has a good chance of being enacted.  

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