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Get your taxes done using TurboTax
Still a little confused by TurboTax's language. When I go to add the grant to my Schedule C business income, under other income, I see the prompt:
If you have Income from sales or services at was not reported on forms 1099-MISC, 1099-NEC, or 1099-G, enter it below.
Just trying to make sure I don't get a letter some day saying "You didn't report that 1099-G grant in 2023" and wanting to tax me twice, plus penalties, on the amount.
Thanks again.
‎April 9, 2024
10:30 AM