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    #1

    Grants

    Client received a $20,000.00 Federal Grant to be used in for his new business. He does not need to repay it. Is this grant money considered income in the year received?
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    #2
    Absolutely. This is Revenue

    This is pure revenue, Derek Jeter. Obviously some kind of govt subsidy, but revenue nonetheless. Just as if the money had come from a customer.

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