Question

How do i enter a 1099-g from a Small Business Assistance Grant Program?

Forum|Forum|5 years ago
February 15, 2021
1 reply
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I received a COVID relief grant for my sole proprietorship and have a 1099-g for it. Where do I report it in Turbotax--is it just a line in my business income, or is there a form for a 1099 such as this one?

TurboTax Self Employed Online

S

sls50211

It should go on the other income line of you business return. In TurboTax, go to your self employment income, click on uncommon income then enter the description and amount. That should do it.

Here is a link to a small business pandemic relief Initiative page.

The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020 taxes.

T

Toledogirl98

Question to Expert:

What about once entering the grant description & info the question: Did the Small Business Relief Grant involve an intent to EARN money? Common sense is telling me YES but reading more into it a grant isn't really EARNED money.. Is it?