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Applicant BorrowerLeasee LCAPP  Form

Applicant BorrowerLeasee LCAPP Form

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Instructions and help about Applicant BorrowerLeasee LCAPP

hi there i'm jamie troll i'm a cpa financial literacy coach and profit strategist and today this video is specifically for self-employed people so that means if you're a 1099 contractor you're a sole proprietor maybe you have an llc but you are someone who does not have employees and you are wanting to get the ppp loan based on line seven gross income if you don't know what i'm talking about with that there was a recent change that was made to these paycheck protection program loans and that is something that's really really helpful for self-employed people who file a schedule c so you'll find your schedule c in your tax return for the sake of ppp you can use either 2019 or 2020 if you don't have 2020 filed yet you can typically use a a draft of your 2020 schedule c if you want to use your 2020 numbers but you're going to use whichever one is higher and you're going to look at line seven that&#3

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