Grant Income from CARES Act

[Sam153]

Where Is the grant income businesses received for Covid relief entered on 1120-S and 1065

[qbteachmt · Accepted solution]

If you are asking about State, County, or local entity grants, they are ordinary business income.

[qbteachmt]

The filing State might treat it differently than Feds, of course. I didn't notice this was in "AMA." Sorry.