Golden State (California) stimulus money taxable on the federal return

Forum|Forum|4 years ago
January 25, 2022
1 reply
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Is the Golden State (California) stimulus money taxable on the federal return? I am able to find lots of documentation for treatment of federal stimulus money but there is not much on the state stimulus money and whether it is taxable on the federal return. Has anyone found documentation on this?

Lacerte Tax

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Best answer by George4Tacks

https://www.caltax.com/forums/topic/golden-state-stimulus-taxable/

George4TacksAnswer

Level 15

https://www.caltax.com/forums/topic/golden-state-stimulus-taxable/

Answers are easy. Questions are hard!

J

JeffBAuthor

Level 3

Thanks George - I had found this article in my research and certainly appreciate you finding it and providing an answer.

George4Tacks

Level 15

@JeffB I should add that the link is not an "official" Spidell statement. From their updates seminar I heard "We believe these grants would be excludable for federal purposes under the general welfare doctrine. However, the IRS has not confirmed this position."

Answers are easy. Questions are hard!

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