Yes, if the grant was issued in your company name and EIN then you will report the grant on your TurboTax Business program.
However, if the 1099-G grant was issued using your social security number then you will enter the grant in your personal tax return Form 1040.
To enter your 1099-G Grant in personal return sign in to your TurboTax account if it is not open and follow these steps:
- Select Income & Expenses.
- Scroll down to Less common income and select show more.
- Scroll to the line Miscellaneous Income, 1099-A, 1099-C, and check start.
- On the page Let's Work on Any Miscellaneous Income scroll to the line Other reportable income and click start.
- On the page Any Other Taxable Income select yes.
- On the page, Other Taxable Income enter 1099-G Grant as the description and the amount of the grant.
- Select continue.
- Select done on the next page
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