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- Will my client receipt of 2020 EIDL grant in September 2021 be a problem? Grant cannot be part of gross income, nor assets. but How do I report EIDL grant /expenses?
Will my client receipt of 2020 EIDL grant in September 2021 be a problem? Grant cannot be part of gross income, nor assets. but How do I report EIDL grant /expenses?
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revupurday_2day
Level 1
04-18-2022
01:16 PM
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grants total over $10k. They bought truck/ trailer (retrofitted). Sch C is at a loss already, but depreciable assets are on the table.
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