Jamiejs2
Level 2
10-13-2021
11:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If the Expenses paid with the PPP Loan (Forgiven) are "moot," should they reduce the cost of whatever was purchased with them? One of my S-Corp clients bought Inventory with it. Does that reduce the Cost of Sales "Purchases"?