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.
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.
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