COVID mortgage relief assistance
December 7, 2020
Q. As a city, we are offering a COVID mortgage relief assistance to our citizens, providing they meet certain criteria. We are issuing the checks to the bank/lender directly. Are these payments reportable on 1099s? If so, what box or which 1099?
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
For individuals, these grants are…
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