- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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:
- Open your return.
- Click on Federal Taxes.
- Go to Wages & Income
- Scroll to the bottom under Less Common Income, select Start (or Update) for Miscellaneous Income.
- Choose the appropriate category and enter your Other Income
The reason behind this is that the Grant cannot be counted into the Qualified Business Income Deduction, therefore cannot be included in farm income.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
April 1, 2022
1:24 PM