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XIV
New Member

ERTC effect on basis

https://www.reddit.com/r/ertc/comments/13s4kha/calculating_2022_scorp_basis_while_waiting_on/?utm_so...

do I have to wait until the Ertc amounts are confirmed for 2020 and 2021 before I can do my s-Corp return and associated 1040s for 2022 due to basis changes? The ERTC will increase income and thus basis by the approved amounts correct?

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XIV
New Member

ERTC effect on basis

can anyone assist please?

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