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Brinkone
Returning Member

Business Covid relief

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.

posted
‎February 16, 2022 3:21 PM
last updated ‎February 16, 2022 3:21 PM
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ZoltanB45
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Business Covid relief

It is taxable and you would enter it under "other income" in the business income section.

‎February 16, 2022 5:14 PM
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