TaxGuyBill
Level 15
04-14-2020
12:10 PM
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@The-Tax-Lady wrote:
Schedule C, Line 31, Net Profit or Loss is not a number used for calculation on the PPP.
Sort of. It is actually for "net earnings from Self-Employment", which Schedule C, Line 31 is the starting point (then it subtracts 1/2 SE tax, and possibly SEHI and employer retirement).