Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I managed to get the right person at the New Jersey Economic Development Authority (the agency that issues the check for the New Jersey Department of Environmental Protection). She says the grant IS NOT taxible. I should consider it as a refund for money already spent (even though it has not been spent yet; it will have been spent by the time the check is issued).

They will issue a 1099.

This was all on my answering machine.
I assume they must have some code on the 1099 indicating it is not taxible. I wonder which 1099 form it will be on. 1099-G? But those seem taxible.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.