Level 1

Sorry let me say it another way.  It should reduce expenses?  Therefore it should be a reduction/income in the tax return when forgiven?  Is this correct?  In fact you spent the money so the net is zero.  However the books will have to show this money as cash in the books and offset as what?  That was the question.  Will the IRS try and match this on the tax return?  

0 Cheers