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SBA Information Notice

SBA Information Notice

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Nonprofits, and Venues Act, enacted December 27, 2020. Reporting Interest Paid by Section 1112 Payments on Form 1098 . Section 278(c)(2) of the COVID-related Tax Relief Act of 2020 provides that “no deduction shall be denied by reason of the exclusion [of the Section 1112 payments] from gross income.”

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