johnicahorton
Level 1

What can anyone tell me about deductability of expenses paid with money from PPP loans.  It's my understanding that as it stands now, no deductions for 2020 expenses covered by PPP money (even if loan is forgiven it's a separate thing.)  I know many have hoped this would be addressed.  Can anyone tell me the status - whether deductions are dis-allowed if paid with PPP money?

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