TAXMAN Posted February 22, 2022 Report Share Posted February 22, 2022 TP is full time licensed day care provider. TP received cares act grant $4k and stabilization grant $22k from Virginia early childhood foundation. They added the 2 together and put on a 1099 misc in box 3(other income). I am telling tp it needs to be included on her Schedule c as other income subject to SE tax and no Virginia substraction. Tp is insisting (due to something she read or heard) it is not subject to se because of the way it was put on form 1099 and that Virginia cannot tax it. If you can give some help I sure would appreciate it. Quote Link to comment Share on other sites More sharing options...
WITAXLADY Posted February 22, 2022 Report Share Posted February 22, 2022 VA may not be taxable to - many WI farm grants and Covid ones are not to the state - I back them out in WI but they are Fed taxed.. and SE tax check State info.. Reservation covid monies are also not taxable Quote Link to comment Share on other sites More sharing options...
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