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by tcas
2237 days ago
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From my reading of the interim rules, it's based on your 2019 Schedule C Line 31 (Total Profit and Loss), capped at 100k. For forgiveness it's: ($100,000 / 52 weeks) * 8 weeks = $15,384. The rules and new clarifications seem to change every week, I'd consult a CPA before assuming anything. |
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Therefore: ($100,000 / 52 weeks) * 10 weeks = $19,230.