Perhaps some of you have gone through PPP application the first time, or this second time. I have a question for you. It appears that the monthly income amount to be shown on the application comes from my IRS Schedule C. With allowed deductions and write-offs, my Schedule C paper income is a disaster. Obviously I earn a profit or I wouldn't be doing this. But if there is no other way to show income, am I prevented from applying for a PPP forgivable loan? Inquiring minds would like to know.
