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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« on: Yesterday at 10:27:22 PM »
Can we deduct the EIDL advance when calculating the 25% loss?
(That part wasn't forgiven - and was paid back in the 4th quarter)
I'm trying to squeeze my way past the 25% mark from the third quarter, and the only way I can make it if I deduct the PPP loan AND the advance
(That part wasn't forgiven - and was paid back in the 4th quarter)
I'm trying to squeeze my way past the 25% mark from the third quarter, and the only way I can make it if I deduct the PPP loan AND the advance