Deductions & credits

Thank you for clarifying who needs to fill out the Form 1120.  So, in our LLC case filing Sch. C, we need to reduce the labor expenses in Sch. C if we claim R&D credits on Form 6765/3800.  Is it right?

 

The payroll credits we are going to claim is purely for R&D.  We are eligible for taking it.  

 

Thanks!