Where do you record the ERC on the 1120S?

[Cowgirlholley]

If I received my ERC Refund in 2023 for 2021's 941X's, do I amend my 2021's - 1120S income tax return, line 8, by the amount of the refund or do I deduct the amount from my 2023 - 1120S income tax return on line 8?  Thank you in advance.

[ThomasM125]

You would amend the return on which the wages used to receive the credit were reported, or 2021 in your example.

[Cowgirlholley]

Another question.  When I amend my 2021 - 1120-S it will change my balance sheet totals.  Will I also have to amend my 2022 - 1120S for the balance sheet or can I just move on to 2023?

[ThomasM125]

You can just move on to the 2023 return since your income in 2022 won't change. @ cowgirlholley