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Miri
New Member

Where do you enter grants for small business from a foreign country?

grants for covid19 support for small business
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3 Replies
ThomasM125
Expert Alumni

Where do you enter grants for small business from a foreign country?

You would enter that on your business income schedule or return as Other Income.

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Miri
New Member

Where do you enter grants for small business from a foreign country?

I understand I need to enter this as "other income" - do I enter as "uncommon income"?

Thank you!

DaveF1006
Expert Alumni

Where do you enter grants for small business from a foreign country?

Yes, you would enter this as less uncommon income through the following steps.

  1. Go to federal>income and expenses>all income>>show more 
  2. Less Common Income> Start
  3. Miscellaneous Income,>start
  4. Other reportable income>start
  5. Next screen asks Any Other Taxable Income>yes
  6. The next screen will allow you to report the income with a brief explanation.

 

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