I have a client who secured a PPP Loan in 2020 and used it for his payroll, rent, etc. The loan forgiveness will not occur until 2021. He is confident that the full amount will be forgiven. How do we account for this in 2020? Do we leave it as a loan payable and still deduct the expenses? And then in 2021 move the loan payable to nontaxable income on the 2021 S-Corporation return? Any guidance is appreciated.