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@sellwanger wrote:

So yes, this confirms my research that the forgiven loan is tax free income. 

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No one here ever suggested that it is not.  You may like to re-read the thread.  The focus has been on your suggestion that a yet-to-be-forgiven loan should be written off the balance sheet.

There is guidance that says if you can reasonably assume it will be forgiven then treat it as forgiven in 2020. If it's going to be tax free income, then you might as treat it as forgiven and get it off the balance sheet, right?