Where to enter income from CARES Act Provider Relief Fund Checks?
I received a 1099-MISC. Just not sure what section this "income" should go in.
Should it just be added to self-employment income?
Cheers
Yes, since it was not reported on Form 1099-G. Please see this answer from KathrynG3.
CARES Act grant money reported to you on box 6 of Form 1099-G is money that is entered under Other Common Income as Other 1099-G Income unless it is specifically excluded from taxability as PPP or EIDL advance funds.
Otherwise, you can report this as other income on Schedule C in the COMMON INCOME section under Other self-employed income, includes 1099-K, cash, and checks.
Thanks for the quick response.
This income was reported on a 1099-MISC form I received.
I will look for the section on Schedule C that you referenced in your message: ("...report this as other income on Schedule C in the COMMON INCOME section under Other self-employed income").
Cheers
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