sjrcpa
Level 15

As of now, expenses not deductible if paid with forgiven PPP loan.

Perhaps not deductible in 2020 even though forgiveness may not happen until 2021.

https://www.taxnotes.com/featured-news/ppp-borrowers-brace-potentially-problematic-irs-guidance/2020...

As Anna said, we need to wait and see.


Ex-AllStar