2dogkayak
Level 2
06-11-2020
01:32 PM
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Right.
To continue, the S corp got a PPP for a bunch of employees plus the owner who made $200K but was limited to $100K in the calculation. No problem, so far.
The issue is the owner is also a sole proprietor with a Schedule C, line 31, of $150K.
Can this same human, S corp president and sole proprietor, get a second PPP for the maximum amount for a sole proprietor when the income amount is limited to $100K?