PattiF
Expert Alumni

Business & farm

A grant for a farm must be entered in the personal section as other income.

 

To enter Other Income, please follow the steps below:

  1. Open your return.
  2. Click on Federal Taxes.
  3. Go to Wages & Income
  4. Scroll to the bottom under Less Common Income, select Start (or Update) for Miscellaneous Income.
  5. Choose the appropriate category and enter your Other Income

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The reason behind this is that the Grant cannot be counted into the Qualified Business Income Deduction, therefore cannot be included in farm income. 

 

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