We had a question about how to track the PPP funds, but it was for proving they got used as per the program's intent.

Now the IRS is stating the use of the funds means those costs are not considered deductible expenses, to avoid double-dipping (got money not reportable as income if forgiven and then also trying to take a deduction):

https://www.journalofaccountancy.com/news/2020/may/expenses-reimbursed-by-ppp-not-tax-deductible-pay...