Are the expenses reported for PPP loan forgiveness tax deductible?

[csanchez]

PPP Loan disbursed in 2021 and forgiven in 2022. Are the expenses used for PPP loan forgiveness still deductible on Schedule C for the business?

[dkh · Accepted solution]

see if this information helps    https://www.irs.gov/newsroom/eligible-paycheck-protection-program-expenses-now-deductible

[csanchez]

Thank you!

[dkh]

You're welcome.   I'll be happy for a tax year without all these "extras" to deal with.