Gildardo
Level 3
02-24-2022
08:55 PM
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California COVID-19 Relief Grant FEDERAL Tax Return:
Are you entering the grant amount on Schedule C as Business Income subject to SE tax?
Or,
Are you entering the grant amount on Other Income Statement Line 24b Other Taxable Income?
I have seen it both ways but got confused with the worksheet on the CALIFORNIA Tax Return that does the adjustment as Other Taxable Income only.
Thank you.
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