Question

Taxable Grant 1099-G - Expenses

Forum|Forum|3 years ago
March 26, 2023
1 reply
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We received a 1099-G from U.S. Department of Agriculture for a "taxable grant" for diseased tree removal. We paid an approved contractor to do the work. Where do I enter the expense for payment to the contractor?

JosephS1

Please clarify and expand on your question. Is this for a farm? Acreage held for development or resale? If a treefarm are you including stumpage costs? Without additional information I can only suggest you include the income under "Other 1099-G income" and take the costs as a negative miscellaneous income item to compensate for the income.

@judecalvo

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