Originally Posted by Unregistered:
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 don't claim it either way until you received the money (as income) or spent it (as an expense). So, Tom's answer still applies, even if you were told you'd get the grant last year. It's when you actually GET the money that matters.