Slats
Level 4

Dear kirkavery,  Interesting q.  My only expierence is with the 1099-G for Farmers known as the CFAP program. "Coronavirus Food Assistance Program" for farmers with livestock who receive relief money to provide nutrition and feed for their livestock. It was computed using number of livestock, weight class and the like. The Seafood Trade Relief Program sounds an awful lot like the CFAP program for Farmers. And in the absence of clear guidance otherwise from IRS, I would use Schedule F for this fisherman.  I know that PUB 595 says Schedule C and you could use Sch C, but you would have to input the 1099-G on the 1099-NEC or 1099-MISC to include the payment there.  I have seen this: https://www.taxnotes.com/irs-e-mail-chief-counsel. (Says that these payments are EXCLUDABLE from income)  I would read the opinion and research to see if there is clarity available. Otherwise, I would include the income initially and then apply for releif if subsequent searches found otherwise. 

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