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Business & farm
Thank you, this answered my questions. The recipient's TIN ends my confusion (I think). The TINs on the taxable grants are for the S Corporation. The TIN for the unemployment is a personal social security number. If you could confirm, I am entering the unemployment compensation on my 1040 as income. The taxable grant money I will add as other income in accordance with the Turbo Tax screenshot you provided.
Also, the S Corporation is a photography business and only has one employee. Should I instead enter all three 1099Gs as other business income?
Does this sound right?
Thanks,
Mark
March 7, 2021
8:05 PM