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Self employed
No. Nothing specific needs to be done regarding your EIDL Grant. It is not taxable income.
If you report your business income on a Schedule C, there is no need to report it at all.
If you report your income from a Schedule K-1, it will already be reported as part of your Schedule K-1 as non-taxable income.
‎October 27, 2021
1:53 PM
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