Taxpronj
Level 3
03-10-2022
11:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Has anyone figured out how to present the ERTC credits on the S Corp returns? We have entered the credit amount under the Salaries expense and the program is reducing salaries and treating it as an M-1 for Non-deductible.
We also reported the amount received as other income.
Labels
qbteachmt
Level 15
03-10-2022
12:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Here is the help article:
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
