Robert used proceeds from a Paycheck Protection Program loan to pay his employees during . Which of the following accurately describes how the amount will be treated for tax purposes>

A. Will not be deductible if the loan is forgiven

B. May be for the Employee Retention Credit and loan forgiveness . The same expenses may be used for both provisions

C. As eligible expenses when applying for loan forgiveness

D. Will reduce the amount of income from cancellation of debit if the loan is forgiven