BillM223
Employee Tax Expert

Get your taxes done using TurboTax

While you are waiting to talk to the program manager, let me give you this thought.

 

If you treated this as a business, it is likely that your expenses would exceed the size of the grant. If you lay out the expenses (like tractor expense, fuel, etc) do the expenses exceed the $6,000?

 

If so, there is no downside to pretending to be a business, because your income tax won't be affected and your SE tax will go to zero. It may work out for you to be a business, even thought that really isn't the way to do it.

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