You advised that employee retention credit amount should only be shown on the 1120S Form K-1 Line 13
Code P, which I agree with BUT on the individual Form 1040, Turbotax Home & Business takes that amount and moves it to Form 3800, Part III, Line 1aa, which, according to Turbotax, is for "Credit for Affected Disaster Area Employees" and refers you to form 5884-A. In addition, you get a message from Turbotax that says, "We won't be able to E-file your return". They say to print out the return and mail it.
QUESTIONS:
1- Does the ERC credit still go on the 1120S Form K-1 on Line 13 with Code P?
2- Must we still print out the return or is Turbotax going to change the message and let you E-File the darn return?
Need reply quickly so I can file the return.
Thank you for your anticipated response.
