Compliance Advisor

Compliane Adv LOGO

Headline: 1099’s and 1098’s for PPP Loans.?

Question: Just to verify, a 1099-C is not required for a PPP loan forgiven, correct? Follow-up question – would a 1098 be required for a borrower regarding interest paid on PPP loan?

Click here for answer!

Capitol Comments

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that the publisher is not engaged in the rendering of legal, accounting or other professional advice - from a Declaration of Principles adopted by the American Bar Association and a Committee of Publishers and Associations.
Click for Capitol Comments!