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How to adjust of the ERC credit received for year 2021, on 1120S and then how to flow through to 1140 filed jointly. 941 X were filed after filing 1120S
How do I adjust ERC credit received for year 2021, in the modified 1120 S Tax Return for year 2021 and then in the modified 1040 for year 2021, where do I show in 1040 from which data of the 1120S form, so I do not have to pay any tax penalty and interest due to any additional income due to this ERC credit. I normally show 1120S profit from the form K or K-1, on the Schedule E of the form 1040. I file 1040 jointly.
May 22, 2024
11:31 AM