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September 13, 2021
Question

Are PPP loans taxable at the state or federal level on S Corps?

  • September 13, 2021
  • 1 reply
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1 reply

Critter-3
September 13, 2021

Forgiven PPP loans are NOT taxable income on any return.  

scorpincaAuthor
September 13, 2021

Are they not incomes to share holders of S Corps at the end (assuming that company made money using the PPP loan)?  Should they be included in Schedule K?