M1 adjustment for refundable employment tax return credit not working?

[JENMCMANUS1968]

Hi there,

Under balance sheet & miscellaneous on screen 30 of the 2022 S corporation tax under "Other" there is an option for the schedule M1 adjustments for the refundable employment tax return credits option 1 for yes (to adjust) or no (don't adjust) for an override, when I change it from no to yes it isn't having any effect on the M1 schedule.

Please have a look and let me know.

Jennifer McManus

[qbteachmt]

"for refundable employment tax return credit"

Employee Retention credit?

I just have to ask, are you describing the Credit or the Refund?

Here is info on the Credit, which doesn't extend into tax year 2022:

https://www.irs.gov/newsroom/employee-retention-credit-2020-vs-2021-comparison-chart