7(a) Debt Relief Tax Treatment

by a searcher from University of Virginia-McIntire - McIntire School of Commerce

3 years ago

Does anyone have insight into how the 6 months of debt relief being provided to all 7(a) borrowers is being treated for tax purposes?

4 likes
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7 comments

searcher from Harvard University - Harvard Business School

wages paid under PPP are not tax deductible. still waiting to hear on the existing 7a relief, but my guess is that, consistent with this guideline, none of the interest paid by sba will be tax deductible. https://www.irs.gov/pub/irs-drop/n###-###-#### pdf

3 years ago | like reply | 0 likes

searcher from Wesleyan University

Were there changes to the 7(a) program under PPP?

3 years ago | like reply | 1 like

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