Sch C Business (awarded Grant for Expenses - how to reprot)

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  • MRPLOW
    Senior Member
    • Apr 2009
    • 118
    #1

    Sch C Business (awarded Grant for Expenses - how to reprot)

    I have a Schedule C client that was awarded a $20,000 government grant in 2012.
    This Grant money was not used at all in 2012.
    It is going to be used for certain qualifying expenses in future tax years.

    How or would this be reported for 2012?
    How or would this be reported in future tax years, when some of that money is used?
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