Quote:
Originally Posted by notorious
Good bump. I got my loan forgiven, too.
If they are allowing us to deduct the expense, holy shit that's a very nice bonus.
I need to call about the second round of PPP.
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Yeah. They passed that recently. Make sure your tax preparer knows. Essentially it is a tax free grant. I don't know why they didn't go down that road to start with. It would have been a hell of a lot easier than trying to keep track of which expenses you used in the PPP loan so you can take them off the return.
But whatever. I'm happy.