Since CA is not required to send out 1099's for Stimulus payments, should payments be shown on Federal Form 1040, Schedule 1 as line 8z "other income"?
I havent been including it. Most clients dont remember if they got it or not and theres no reporting form.
Thank you for telling me what you do.
What do you tell an auditor when asked "why didn't you report this as income"?
