KathrynG3
Expert Alumni

Business & farm

CARES Act grant money reported to you on box 6 of Form 1099-G is money that is entered under Other Common Income as Other 1099-G Income unless it is specifically excluded from taxability as PPP or EIDL advance funds.

 

From the left menu, select Federal, which will open to Income & Expenses. Scroll down to find the Other Common Income section and select Show More.

 

Select Other 1099-G Income and enter your details, identifying it as a taxable grant.

 

For more information about PPP or EIDL related to COVID-19, go to SBA Coronavirus Relief Options for more information.