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tbaines
New Member

Where do you include any business grants you received on your tax return

 
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3 Replies
Carl
Level 15

Where do you include any business grants you received on your tax return

t depends on what tax reporting documents (if any) are sent to you by the grant giver. Could be a 1099-MISC, 1099-R, or something totally different.

 

Where do you include any business grants you received on your tax return

We received an emergency covid-19 business grant from our local (county) government. We now received a 1099-G. Where do we enter that information on our return?

KrisD15
Expert Alumni

Where do you include any business grants you received on your tax return

That is a Taxable grant.

 

Please enter it this way:

 

Click Wages & Income

Scroll down  to "Other Common Income" (this is BELOW Unemployment) 

Click Show more

Click Start for Other 1099-G Income

Select Yes, we received a 1099-G for government payments 

Continue through the section. 

 

The grant will be included in your income. 

 

For more information, please use the link below: 

Covid-19 state grants

 

 

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