Quote:
Originally Posted by 4Hockey4
I'm not sure what you are saying. (what you bolded from me (2nd loan), and what you said(1st loan info in 2nd stimulus), are for 2 different loans) The recent signed one allows for writing off expenses associated with 1st PPP loan (new) and as of now, the only way you qualify for new PPP monies is to have decrease in revenue of 25%.
My quote was for new stimulus. this may change but as of now it stands
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Oops sorry I meant to just throw this info out there but figured I would quote you after skimming the posts. I was remembering someone else or some article somewhere was also attributing the 25% loss stipulation to the tax deduction and in my haste thought it was yours.