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1099 Reporting for Local Government Grant Reimbursements
March 28, 2025
Q. We are a local government, and we have a grant program where we reimburse an individual or an entity for expenses related to a neighborhood improvement project. Amounts vary and could be over $600. Would these reimbursements/payments be required to be reported on a 1099 as income to either the individual or entity?
A.
(Answered by IOFM's third-party tax advisor)
These would likely be income to the individuals and would be income to any businesses (or owners of rental properties). See page 85…
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