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Updated almost 4 years ago,
PPP forgivable loan for self employed home flippers
Hello,
Has anyone applied for the ppp loan as a self employed flipper? From my understanding the forgivable loan amount depends upon the total gross income reported on 2019/2020 tax return. But, I reported my profit from my flips under 'sale of business property' and not 'gross income', does anybody have any idea how to report income on tax return to effectively prequalify for the ppp loan?