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NJEDA Emergency Assistance Grant
I am a Partner LLC and received a $10,000 Covid relief grant from the state of NJ (NJEDA Emergency Assistance Grant). It is not taxable by the state of NJ but I have been told it may be taxable at a federal level. I did not get a 1099G or any other 1099 from the state. How do I find out if it is taxable? If it is taxable I know I should enter it under "Other Income" but how do I back it out of the state return in TurboTax since is definitely not taxable by the state of NJ?
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March 6, 2022
5:51 PM