PPP ISSUES
My assumption on the PPP program has been that payroll costs are gross wages (941) or net income subject to S/S taxes (Sch C). I also would assume that Partner's guaranteed payments shown on their K-1 qualifies as self employment income, too. But I have also heard that some think Sch E, K -1 income from partnerships, S corp and/or rental income also qualifies under PPP have you heard anything to support that position?
Michael Plemer
