Sam153
Level 1
03-11-2021
11:11 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Where Is the grant income businesses received for Covid relief entered on 1120-S and 1065
Solved! Go to Solution.
Labels
qbteachmt
Level 15
03-11-2021
11:27 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you are asking about State, County, or local entity grants, they are ordinary business income.
*******************************
"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
qbteachmt
Level 15
03-11-2021
12:07 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The filing State might treat it differently than Feds, of course. I didn't notice this was in "AMA." Sorry.
*******************************
"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.