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New Member
posted Jul 23, 2022 2:28:42 PM

Filed an amended return for 2020 due to receipt of ERTC in 2022. I lowered the wage expense for 2020. Turbotax has calculated an additional refund. Does this sound right?

I have to file an amended return for 2020 due to receipt of ERTC funds in 2022.  I lowered the wage expense for 2020 in accordance with the receipt of these funds (making my loss in 2020 lower) but Turbotax has calculated an additional refund as a result.  I figured I would owe some federal tax as a result.  Does this sound right?

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Level 15
Jul 25, 2022 6:56:30 AM