Not sure I understand your question, but a sales commission in the eight weeks covered period doesn’t negate forgiveness.

Can I as as a sole proprietor also do the back pay work-around? I am commission only as a realtor (schedule c). My income went completely flat for a couple of months but applied and received loan on may 4 and just yesterday had a closing which will negate the forgiveness of the loan but still not make me whole over the course of the past few months.

I am not sure I absolutely understand what you’re saying. Can you point me to the part of the blog post that you’re asking about or to the bit of the application? Sorry.

I think they’re capped at $15385. Here’s relevant blurb we should all be looking at:

General partners are capped by the amount of their 2019 net earnings from self-employment (reduced by claimed section 179 expense deduction, unreimbursed partnership expenses, and depletion from oil and gas properties) multiplied by 0.9235

So what I’m thinking (but see if you agree)… I’m thinking that $15.385 is the amount leftover after all the adjustments. E.g. if Sec 179, unreimbursed partnership expenses, etc. all equal zero. I think you need $15.385/.9235 or $16,659 showing in box… so .9235 of that equals $15,385. I.e., I’m thinking they’re backing out a chunk for “half” of the SE taxes. In the usual crude fashion used on tax returns.

Very interested if others want to argue for a different treatment though…

Steve, doesn’t it actually allow a different calculation that potentially could create an additional chance for safe harbor. As a business with a largely flexible PT staff the payroll period containing Jan 1 is relatively slow and would create a lower baseline for a comparison than Feb 15th. The end date of this comparison is also different as its related to the covered period so in some cases the result of this calc vs the regular safe harbor calc would differ and potentially be preferential.

Am I reading too much into this?

We are a union shop. We applied for PPP based on W-2’s and 941’s and did not consider all the payments we make to the union for all their different funds. ie legal, vacation,. health, lecit etc. there is like 10 different funds all calculated based on hours worked. For the loan forgiveness, can the amounts paid to the union be considered as other payroll costs? Or only the vacation and health funds?

I think you’ve got it.