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Paycheck Protection Program
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Posted 1/14/2021 10:01 (#8750263 - in reply to #8749852)
Subject: RE: Paycheck Protection Program

Southern MN

Just and FYI, but you have to used the entire first draw before you can apply for the second draw.  The way it looks you can use Schedule F line 9 for both first and second draw and some say you don't need to show the 25% reduction in income for a schedule F like you need to for Schedule C.

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