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But then you could also be overstating your QBI depending on the amount of payroll and the 50% limitation. Vincent J. Preto, CPA Senior Partner Wagner and Zwerman LLP 201 Old Country Road, Suite 202 Melville, NY 11747 631-777-1000 ext. 340 Sent from ...

I think this is the only way that makes sense . I came to the same conclusion.

I’ve been thinking of NOT adding the PPP loan but showing 100% of the expenses - them in other deductions showing a reduction of the expenses to avoid W2 and payroll number Sent from my iPhone

I was considering entering all expenses paid in the proper place and showing the PPP reimbursement as either miscellaneous income, or under other deduction. If we reduce each expense, like payroll, it wont agree to the W2s Would like your reaction or ...