SBA PPP Loan and the Schedule F Filer
Agricultural clients: Previously, under SBA rules, farmers’ participation in the PPP was based on 2019 net farm profits (or losses), reported on IRS form Schedule F, Profit or Loss from Farming, plus wages paid. Based on 2017 IRS data, 37 percent of self-employed farmers would have not received a loan from the PPP because of […]
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