I have a question about the same grant. We also received the State of Oregon WARRF grant. Thank you for your answers to this question. My additional question is, can we still deduct this if our income is not below the poverty level? We qualified for the grant, at the time, based on the criteria outlined by the State of Oregon grant program. The cost of drilling our new well exceeded the maximum amount of the grant, therefore the entire award was used toward the drilling of the new well.
Just want to make sure that we can still exclude this as income, knowing that our reported AGI for the year is not at or below poverty level. Thank you!
