Level 2

Question

1099-G WITH BOX 6 MARKED. RECEIVED FROM BWC. PROGRAM PUTS TO OTHER INCOME BUT THIS IS A SCH C SOLE PROP. SHOULD IT GO ON THE SCHEDULE C?

Forum|Forum|5 years ago
March 10, 2021
18 replies
38 views

1099-G WITH BOX 6 MARKED. RECEIVED FROM BWC. PROGRAM PUTS TO OTHER INCOME BUT THIS IS A SCH C SOLE PROP. SHOULD IT GO ON THE SCHEDULE C?

ProSeries Professional

This topic has been closed for replies.

Level 10

I put mine as other income because it wasn't earned income by the business and I didn't think self employment taxes should be paid on it.

Level 15

What is "BWC?"

If that is a County or State or Agency grant to the business, it goes on the Sched C.

https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions

Don't yell at us; we're volunteers

Level 10

BWC is Bureau of Workers Compensation.

Level 15

"BWC is Bureau of Workers Compensation"

Then this would be a claim from some employment?

The taxpayer needs to identify what they applied to get, in other words. Right now, a lot of people got "cares grants" that are taxable, because they applied for their business and it was supposedly to be spent on business needs as impacted by covid, excluding shuttered venues.

Don't yell at us; we're volunteers

Level 15

"PROGRAM PUTS TO OTHER INCOME ..... "

The "program" puts it where YOU tell it to.

F 1099-G is often a state income tax refund; is that what you have ?

BTW - all CAPS is considered rude on the internet....

HumanKind... Be Both