Business & farm

Hi, I like your response very much.  Our business got the ERC credit from the payroll company.  They filled out the 941 or 941X and deducted our next quarter's payroll taxes based on last quarter's ERC credit.  In that case, on Sch. C of 2021, we reported less payroll taxes.  Hence, we do NOT need to report this ERC anywhere else on Turbo as an additional income or work credit, because the credit was already included in the reduction in payroll tax expenses on our business income tax return.  Am I right?   Thanks!

 

Changli