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February 16, 2022
Question

Business Covid relief

  • February 16, 2022
  • 1 reply
  • 0 views

Our local Chamber of Commerce raised money from varies entities (Stat grants and Local Corporations) and gave $10,000 to local business who applied for COVID relief.  Is this money taxable?  We never received a 1099.  Not sure how to report this.

1 reply

February 17, 2022

It is taxable and you would enter it under "other income" in the business income section.