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Level 3
March 10, 2022
Question

ERTC - Handling on S Corp

  • March 10, 2022
  • 1 reply
  • 13 views

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.

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1 reply

qbteachmt
Level 15
March 10, 2022