I was entering my MCTR as a 1099-MISC for Federal tax & there was a dropdown to indicate the MCTR as a category. In Forms Schedule 1 to 1040B, the amount is fully offset a "General Welfare Exclusion" and is not included in taxable income. I have searched on-line & found it to be taxable & I have not seen where the IRS has made this non-taxable but apparently it has. Is this the correct treatment?
Thanks in advance.
