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Old 02-14-2014, 02:41 PM
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TomCopeland TomCopeland is online now
Business Author/Trainer
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,033
Default Grant

Originally Posted by Unregistered View Post
What if the $500 was not spent yet? I also received a grant award...but have not purchased anything with it yet, and will not actually receive the money until the spring
You report grant income (like all income) in the year you receive it. You claim expenses related to the grant in the year you paid for them.
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