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Updated almost 4 years ago on . Most recent reply

User Stats

63
Posts
41
Votes
Tim Hoffman
  • Investor
  • Rockford, IL
41
Votes |
63
Posts

Taxability of Cares Act Grants

Tim Hoffman
  • Investor
  • Rockford, IL
Posted

Are Grants for Rent, created by the Cares Act, considered taxable income?

My gut is they are taxable to me as a landlord.  

With that said, here in IL, the State published a FAQ section on applying for the grant and it actually says the grant is not taxable to the tenant or the landlord.  

Thanks for the input.

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