From my reading of the interim rules, it's based on your 2019 Schedule C Line 31 (Total Profit and Loss), capped at 100k. For forgiveness it's: ($100,000 / 52

From my reading of the interim rules, it's based on your 2019 Schedule C Line 31 (Total Profit and Loss), capped at 100k. For forgiveness it's: ($100,000 / 52 weeks) * 8 weeks = $15,384. The rules and new clarifications seem to change every week, I'd consult a CPA before assuming anything.