Originally Posted by TomCopeland:
PPP money received in 2020 is not taxable income. If it was included, file an amended tax return (Form 1040X) and get a refund.
My mom works for an accountant. I think the irs is trying to fix it on their end rather than do a bunch of amendments but I don't know that they have it all figured out yet. It costs money to do an amendment. I was really glad I procrastinated on my taxes a bit this year and did them after the ppp tax stuff was decided.