GeorgeM777,
Thanks again for the thoughtful comments. The 941-X is definitely the way to go, and I found an excellent tax video on how to complete the forms here: https://youtu.be/Qm2WCp3szB0
So I now have my two 941-X forms complete for Q1 and Q2 2021. They each represent the $7,000 max per quarter for a total of $14,000.
Since I am claiming the ERTC for wages and taxes already paid and filed in 2021, I have to file these 941-X forms to claim the credit, and "reduce deductible wage expenses" on my 2021 taxes. That wage reduction is what I have been reading about but can't figure out how to handle it and where to enter it in TT? Ultimately this should affect line 26 on the Sched C. On the EMPLOYEE WAGES AND WORK CREDITS the only place it makes sense would be to enter it as -$14,000 right under the W-3 wages entry at the top? THis would change line 26 from $2,650 (from my W-3 box 1) to showing $0. Does that makes sense, or am I barking up the wrong tree with where to put that $14K in my 2021 taxes?
