Hi, I'd love to believe that the Illinois payment, which I recently got ($9k) as a landlord, is neither a loan or income. However, the Illinois Rental Payment Program FAQ site says these payments will be reported as "ordinary income," which is the WORST of the incomes. You sure about the money not being taxable? I would be ok if it was reported to the IRS as RENTAL income, but this is starting to look like something which will wipe out my usual $5k refund if it is reported as ordinary income. Help!
