sjrcpa
Level 15
04-04-2022
05:20 PM
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Most of us have.
It goes nowhere on Schedule C. Schedule C reports taxable income only.
At the federal level all the expenses are deductible. Your state may have a different treatment.
If it was forgiven in 2021, or if you're treating it as forgiven in 2021 you have to attach a statement to the return.
The more I know the more I don’t know.