Ephesians3-14
Level 8
01-04-2021
01:08 PM
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My client received $1,000 as an EIDL grant in April and then received $20,000 as a PPP loan. I know that the PPP loan proceeds are tax-free and that the proceeds can be used to pay for deductible expenses.
Regarding the $1,000...is that also tax-free under the recently passed legislation?
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