90 I will lose a ton of money if spending bill doesn't go through. I do not care! President, DO NOT SIGN SPENDING BILL! posted 66 days ago by Magamagamaga1 +92 / -2 . 3 comments share 3 comments share save hide report block hide child comments Comments (3) sorted by: top new old worst ▲ 0 ▼ – WhiteTrashJesus 0 points 66 days ago +1 / -1 Why because of stocks? permalink save report block reply ▲ 1 ▼ – Magamagamaga1 [S] 1 point 66 days ago +1 / -0 Got PPP loan that is federal and state taxed. Spending bill makes the loan forgiven AND tax free. permalink parent save report block reply ▲ 0 ▼ – WhiteTrashJesus 0 points 66 days ago +1 / -1 So you pay taxes on the ppp loan as income and then you pay it back? permalink parent save report block reply
Why because of stocks?
Got PPP loan that is federal and state taxed. Spending bill makes the loan forgiven AND tax free.
So you pay taxes on the ppp loan as income and then you pay it back?