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- PPP LOAN FORGIVENESS
PPP LOAN FORGIVENESS
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ALEMAN96
Level 1
04-16-2021
12:41 PM
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REAGRDING THE FORGIVENESS OF THE PPP LOAN: ONCE FORGIVEN, CAN EXPENSES USED TO SATISFY THE REQUIREMENTS FOR FORGIVENESS, BE STILL CLAIMED AS A DEDUCTIBLE EXPENSE IN THE ENTITY OR INDIVIDUAL BUSINESS TAX RETURN??
I AM HAVING HARD TIME UNDERSTANDING THIS!!
HELP!
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1 Comment 1
sjrcpa
Level 15
04-16-2021
12:43 PM
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Yes for federal.
For state? Depends on the state.
The more I know, the more I don't know.
