Where Is the grant income businesses received for Covid relief entered on 1120-S and 1065
Best Answer Click here
If you are asking about State, County, or local entity grants, they are ordinary business income.
If you are asking about State, County, or local entity grants, they are ordinary business income.
The filing State might treat it differently than Feds, of course. I didn't notice this was in "AMA." Sorry.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.