Hello all. I received a mortgage grant from my credit union when I bought my home. I received a form 1099-MISC with this amount. I've entered it as "other common income" form 1099-MISC on TurboTax, but it's dramatically increasing my federal tax due amount. I suspect the system thinks it's self-employment income and is assuming I need to pay social security and medicare taxes on it. Is this correct? Is there another way I should be entering it?
