tkeet34579
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That's right, now I remember... the business return should not be throwing off a credit. The credit was on payroll taxes, so that expense should decrease by the...
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Just so we're clear, everything is reported at the business level. What the schedule K-1 does is passes out the individual taxpayer's portion of what was report...
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In terms of tax benefits, Credit > Deduction, hope that helps.
Activity Feed for tkeet34579
- Posted Re: Where do you record the ERC on the 1120S? on Business & farm. December 20, 2022 10:27 AM
- Posted Re: Where do you record the ERC on the 1120S? on Business & farm. December 20, 2022 10:02 AM
- Posted Re: Where do you record the ERC on the 1120S? on Business & farm. August 31, 2022 9:07 AM