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Jatalache
New Member

NRCS Equip Funds

I received monies for a high tunnel(greenhouse), I've seen that monies for environmental improvements are except does the same go for a hightunnel?

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1 Reply
DavidD66
Employee Tax Expert

NRCS Equip Funds

Your grant is taxable income.  You will have to pay federal and state income tax on the amount your received.  To enter in TurboTax:

 

  • Go to "Income"
  • Select "Miscellaneous Income, 1099-A, 1099-C"  Depending on which version of TurboTax you are using you may need to go to "Less Common Income" first
  • Scroll to the bottom of the page and select "Other Reportable Income
  • On the page Other Taxable Income answer Yes
  • Enter "USDA NRCS Grant" in the description and enter the amount of your grant.

The income will reported as Other Income on Schedule 1 line 21 of your Form 1040. 

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