itonewbie
Level 15
01-14-2021
06:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
But why would you recognize an income on the book if the loan has not yet been forgiven? And until that happens, there is no difference to reconcile on M-1 in relation to the loan, especially since eligible expenses would be deductible regardless.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar