Subtraction for Rebuild Virginia Grants
Under Virginia’s legislation, you can make an individual and corporate income tax subtraction up to $100,000 of all Rebuild Virginia Grants received during the 2020 tax year, as long as those grants were not otherwise subtracted from income.
I found out this article on tax.virginia.gov/news. I reported VA rebuild grant as a other income on 1120S, then how can I subtract this grant on VA 502? Anyone filed regarding this issue?