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Grant Income from CARES Act

Sam153
Level 1

Where Is the grant income businesses received for Covid relief entered on 1120-S and 1065

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qbteachmt
Level 15

If you are asking about State, County, or local entity grants, they are ordinary business income.

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qbteachmt
Level 15

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.

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qbteachmt
Level 15

The filing State might treat it differently than Feds, of course. I didn't notice this was in "AMA." Sorry.

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