I have a grant for Natural Resources Conservation Service from the U.S. Dept of Agriculture. I rent my farm acreage and filed the 1099 MISC for that last year on Schedule E. I see no place to put the grant on Schedule E so I will have to use Schedule F, which I think means I will have to put the farm rental on Schedule F. Is that a problem? For the grant I received a 2023 1099-G in the amount of $32773.42. I received and paid invoices for $27786.00 and $16995.00. I did not pay the latter check until January of 2024, but I planned to use the accurral method and include it in 2023 so the grant income and checks were balanced. Now in March of 2024 Natural Resources has sent another deposit in the amount of $23881.43, and I expect the expenses will equal that amount. My question is can I still use the acccurral method even though the grant is covering a period of 2 years? I am 84 years old and my husband is 87, and I don't want to leave unfinished business that will confuse my heirs.
