If you received a grant from your work, you generally need to report it as income on your tax return. The specific section depends on how the grant was reported to you:
- Form 1099-G: If the grant is reported on Form 1099-G, you should enter it in the section for taxable grants. This form is used for certain government payments, including taxable grants - use the steps here.
- Form 1099-MISC ( click to enter 1099-MISC) or 1099-NEC (click to enter 1099-NEC): If the grant is reported on Form 1099-MISC or 1099-NEC, you should enter it in the section for miscellaneous income or nonemployee compensation
- W-2 Form (click to enter W-2): If the grant is included in your W-2 form, it will be part of your wages, tips, and other compensation
If the grant was for work performed, be sure to carefully answer work-related questions as TurboTax guides your through the applicable forms.
Reach back out if you meant something else.