PPP Loan disbursed in 2021 and forgiven in 2022. Are the expenses used for PPP loan forgiveness still deductible on Schedule C for the business?
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see if this information helps https://www.irs.gov/newsroom/eligible-paycheck-protection-program-expenses-now-deductible
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Thank you!
You're welcome. I'll be happy for a tax year without all these "extras" to deal with.
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