Jamiejs2
Level 2

Thank you. Sorry, but I made a "late night-working too long" boo-boo. The Inventory purchases were made with another, not PPP, loan. The PPP loan did pay the wages. Are the Wages reduced by the amount of the Forgiven PPP Loan? Or does that also go on the K-1, at line 16c? Appreciate your help!

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