Can I file for my employee retention credit on schedule c with turbo tax? (I have one employee paid via w-2 since Oct 2020 and I have only filed using schedule c)
Can I file for my employee retention credit on schedule c with turbo tax? (I have one employee paid via w-2 since Oct 2020 and I have only filed using schedule c)
No, you can't claim the employee retention credit (ERC) on Schedule C.
The ERC can be claimed for wages paid from March 13 – December 31, 2020. Wages paid from January 1- June 30, 2021 are only eligible for the credit if it is a recovery start up business.
If you paid employees during this period and you did not claim the ERC, you can amend your 941 returns for 2020 to claim the credit.