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A comment on America’s Covid job-saving programme gave most of its cash to the rich. Parent comment

Re:America’s Covid job-saving programme gave most of its cas... by akgoel on Tuesday February 01, 2022 @09:05PM (#30172627)
If you don’t show losses, and the loan was forgiven, it becomes taxable revenue. As a C corp, Trump got those taxes down to 21%, so it was only mostly free.
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Re:America’s Covid job-saving programme gave most of its cas... by ejstronge on Wednesday February 02, 2022 @12:29AM (#30174093)
It does not become taxable revenue - this was changed in one of the later stimulus rounds. Here is a random source to this effect:

https://rsmus.com/what-we-do/services/tax/state-and-local-ta...

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Re:America’s Covid job-saving programme gave most of its cas... by SiNiquity on Tuesday February 01, 2022 @11:08PM (#30173589)
Uncle Sam done gone shopping again and left his cart at the store.
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Re:America’s Covid job-saving programme gave most of its cas... by mvkel on Wednesday February 02, 2022 @09:11PM (#30187552)
Not true. On Dec 27, 2020, they made it all deductible
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