Hi,
I have an S Corp and use TurboTax Business desktop version. How do I enter the $15,000 CA Relief Grant I received in 2021?
As I understand it is taxable on the Fed return, but tax-free on the CA state return.
How do I enter it so it increases my cost basis on my K1 and then not be taxable on the state returns?
Your help is greatly appreciated
Thanks!
