Question
Where do I enter ERTC Refund Received in 2025?
My C-Corp client FINALLY received their ERC refund in July 2025. We chose not to amend the Corp tax returns (to reduce the wages reported) until after the refund was received. From what I've read, an option at this point is to report the refund as INCOME on the current tax return. The income is taxable for federal but not for California. I can't seem to find a way to enter the amount so that it's not taxable on the CA Corp return. Anyone have any ideas??
