That is a business grant and as such is taxable on your federal tax return but not on your New Jersey tax return. You would enter it on your business tax return as "Other Income." That would be on line 6 if self-employed and completing a schedule C to report your business income and expenses.
It would go on line 7 on a partnership form 1065, line 10 on an C corporation form 1120, and line 5 on an S corporation form 1120-S.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
