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Sba loan
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jtpfarm
Posted 2/28/2021 20:52 (#8864867 - in reply to #8864702)
Subject: RE: Sba loan


mn
All forgiven loans are taxed at 9.8% in MN. I would have no problem with there being federal income tax on the money. Actually, I assumed there would be. But MN is taxing the relief given to businesses shut down by the state then will likely receive more federal relief funds also.

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