- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
If your business is a Sch C sole prop then you have no "wages" to remove. Only W-2 employees you may hire are paid wages reported on the W-2 form issued in January and you as the Sole Prop cannot be paid W-2 wages. What ever profit is left on the Sch C are your taxable earnings and they are not wages. The ERC was to help employer's retain employees not to pay yourself as a sole prop. https://www.irs.gov/newsroom/faqs-employee-retention-credit-under-the-cares-act
‎September 16, 2022
2:44 PM