Vanessa A
Expert Alumni

Get your taxes done using TurboTax

If there is no business, you cannot report it on the Schedule C.

Since you cashed the checks this would be your income reported by you on your personal return.  You cannot claim a deduction for the payment to the ERC Specialist company.  The ERC is not taxable income so you will not enter that on your return.  You will just enter the interest received on the 1099-INT. 

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