KYOUNG Posted March 30, 2021 Report Share Posted March 30, 2021 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? Quote Link to comment Share on other sites More sharing options...
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