wahanner
Level 2

FFCRA and CARES Acts including the PPP

I am looking into this as well and will be asking my tax advisor - whom is a CPA as well as an attorney - next month. 

Like everyone has said, difficult to decide where to record since we do not have a decision by IRS on how to treat this. However creating an account that tracks the principal amount paid by SBA is best. And then can inform your accountant/bookkeeper of this account when it comes times for taxes.