Question
Is Recovery Action Fund for Tomorrow (RAFT) Program taxable? Client received a 1099-misc in the amount of $14,400
I have a client that in 2021 could not pay her mortgage. She placed an application for RAFT Recovery Action Fund for Tomorrow (RAFT). She's a resident of Massachusetts. She then received a 1099-misc in the amount of $14,400. Is Recovery Action Fund for Tomorrow (RAFT) Program taxable? Should she report the $14,400 as income in a Schedule E?
