Our local Chamber of Commerce raised money from varies entities (Stat grants and Local Corporations) and gave $10,000 to local business who applied for COVID relief. Is this money taxable? We never received a 1099. Not sure how to report this.
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1 Replies
ZoltanB45
Level 8
Feb 16, 2022 5:14:06 PM
It is taxable and you would enter it under "other income" in the business income section.