KGBKaren
Level 3
05-03-2021
02:47 PM
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Or should I just add it as other income on schedule c and ignore 1099G?
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sjrcpa
Level 15
05-03-2021
02:51 PM
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Add as other income on Sch C.
The more I know the more I don’t know.
KGBKaren
Level 3
05-03-2021
02:54 PM
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So then I am ignoring the 1099G. Will this cause future issues?
qbteachmt
Level 15
05-03-2021
04:03 PM
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"So then I am ignoring the 1099G. Will this cause future issues?"
Not as long as the Sched C is reporting enough gross revenue to cover this additional business income. It's the same with 1099-NEC; you don't input and report them. You report All Business Revenue.
That grant was given to the person's business; not to them personally.
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