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- Are grants given to Medicaid providers or general grants due to COVID taxable income for businesses? I know that the EIDL Grants are nontaxable but what about other Grants?
Are grants given to Medicaid providers or general grants due to COVID taxable income for businesses? I know that the EIDL Grants are nontaxable but what about other Grants?
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YBCPA
Level 1
03-11-2021
11:33 AM
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qbteachmt
Level 15
03-11-2021
04:29 PM
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Was it one of these?
https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions
States are sometimes handling it differently.
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