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willatbird
Level 5
September 22, 2022
Question

C Corporation ERC entry

  • September 22, 2022
  • 1 reply
  • 9 views

Preparing an amended 2020 C Corporation return for ERC. I've entered the ERC into the "Less employee retention credit claimed on employment tax returns" box but it's not reducing the salaries on page 1 and the net income is off by that amount. Is this a Lacerte issue or am I doing something wrong? Starting to feel a bit nuts.

Thanks!

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1 reply

willatbird
Level 5
September 22, 2022

ALSO, is there a way to get the ERC to flow properly on a 2019 return. The client has a 9/30 fiscal year end and received the credit for 2 quarters in 2020.