https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3234433#M740335 <P>Yes, you have to amend the year that you receive the credit for, so in your case that is 2020.&nbsp;</P> <P>&nbsp;</P> <P>You do that by reducing your wage deduction by the amount of the credit. If you need more specific guidance, respond back with the type of business return you are filing.&nbsp;</P> Sun, 03 Mar 2024 16:44:00 GMT JulieS 2024-03-03T16:44:00Z https://ttlc.intuit.com/community/after-you-file/discussion/where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year-credit/01/3234422#M740333 example:&nbsp;&nbsp;In 2023 I received erc credit for q2 2020. Do I amend 2020 taxes or enter it in 2023 taxes? Wed, 11 Feb 2026 06:54:20 GMT https://ttlc.intuit.com/community/after-you-file/discussion/where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year-credit/01/3234422#M740333 bminnick 2026-02-11T06:54:20Z https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3234433#M740335 <P>Yes, you have to amend the year that you receive the credit for, so in your case that is 2020.&nbsp;</P> <P>&nbsp;</P> <P>You do that by reducing your wage deduction by the amount of the credit. If you need more specific guidance, respond back with the type of business return you are filing.&nbsp;</P> Sun, 03 Mar 2024 16:44:00 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3234433#M740335 JulieS 2024-03-03T16:44:00Z https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3234445#M740336 <P>Thank you for the information. I am filing a Schedule C since I own a single member LLC that is taxed as a sole proprietorship. Where would the refund be entered on Schedule C?</P> Sun, 03 Mar 2024 16:48:55 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3234445#M740336 bminnick 2024-03-03T16:48:55Z https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3244539#M741529 <P><SPAN style="font-size:14px;">When you amend the tax return for the year you received the credit, it is an offset to <STRONG>Salaries &amp; Wages</STRONG>. Basically, you subtract the ERC from your total wages. You can either enter the total manually or (in TurboTax Desktop) add <U>Supporting Details</U> (right click the entry box) and let TurboTax do the math for you.&nbsp;</SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px;">In TurboTax Desktop, wages appear under <STRONG>All Other Expenses</STRONG> under Business Expenses for Schedule C. In TurboTax Online, this expense is called <STRONG>Employee wages</STRONG> and you must have checked the box for W-2 wages under your business summary.</SPAN></P> Thu, 07 Mar 2024 21:27:57 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-report-the-amount-of-refund-received-from-erc-the-year-received-or-amend-the-year/01/3244539#M741529 PatriciaV 2024-03-07T21:27:57Z