Question

Do I need to file an amended 1120s if the only mistake was making an adjustment to the QBI which changes the K1

No text available

Yes. You'll need to amend the tax return of the S-Corp (form 1120S).

You also need to send the amended K-1s to shareholders.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

1 reply