Nothing specific needs to be done regarding your EIDL Grant/Advance. It is non-taxable income.
For Schedule C income, there is no need to report it.
If you are reporting income from Schedule K-1, it will be reported when completing the business return on Schedule K as non-taxable income, as well. Enter the Schedule K-1 as received.
For more information about EIDL Grants/Advances, see: SBA Economic Injury Disaster Loans
