Posted 1/10/2021 12:51 (#8739609 - in reply to #8739542) Subject: RE: New PPP deal
I’d say there were/will be an unusually high amount of Sch F income in2019 and 2020 just shy of $100k. I bet plenty were planning to do some 179 but didn’t have to in 2019 and now again the same in 2020. they could just take PPP to pay the increased income tax for showing income (which will be forgiven) and save the depreciation for down the road.
New PPP deal
