IRS Provides Clarification on PPP Loan Forgiveness for the Self-Employed
Bharmal&Associates
JULY 30, 2020
months of your 2019 Schedule C net profit, not to exceed $20,833. times your 2019 Schedule C, line 31, net profit, limited to $20,833. month equivalent of their applicable compensation in 2019, whichever is lower. But in our opinion, you should have your Schedule C business write you checks from its business account.
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