1099-G

[TLF36]

My business received a Form 1099-G from the State of Ohio Bureau of Workers' Compensation with an amount in Box 6 Taxable Grants.   The amount was a refund of 2019 insurance premiums.  I can not find where to enter it in TurboTax in the business income section.  There are places to enter 1099-Int and 1099-NEC amounts but not 1099-G amounts.  Any help would be appreciated.

[ColeenD3 · Accepted solution]

You can enter it under your Business income in Other Income. Then enter a description 'SBIR Grant reported on 1099-G' and the amount. You will not enter it as a 1099-G, just the amount and explanation.

The amount will flow to line 6 of your schedule C and be included in gross income and net income will then flow to the schedule SE.