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ERTC - Handling on S Corp

Taxpronj
Level 2

Has anyone figured out how to present the ERTC credits on the S Corp returns?  We have entered the credit amount under the Salaries expense and the program is reducing salaries and treating it as an M-1 for Non-deductible.

 

We also reported the amount received as other income.

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qbteachmt
Level 15

Here is the help article:

https://proconnect.intuit.com/community/taxation/help/entering-the-employee-retention-credit/00/1217...

 

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