cynmyers
Level 1
 
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itonewbie
Level 15

Generally yes unless it is specifically tax exempt and the relevant conditions are met.

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Still an AllStar
qbteachmt
Level 15

It depends on the grant's purpose. Your State might treat it differently, as well. Otherwise, yes, Feds consider a grant to the business to be Business Income.

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"Level Up" is a gaming function, not a real life function.
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