Hi Ggaga1,
In general, 1099-Misc will be taxable income. Can you look at box 1 or 3? Most likely it sounds like box 3. Some grants are taxable and some grants are not. It will just depend. Based upon what you are providing, it sounds like BofA is considering that grant as taxable income. A brief research on their website seems to indicate that this is a loan program to receive this grant. Is the 1099-Misc for 2021 or 2022. Hope the information is helpful.
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