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March 7, 2023
Question

I got a new K-1 tax form that has a loss (1st year with K-1). My partnership just sent me this tax form, but I already submitted Federal and State taxes. What now? -EK

  • March 7, 2023
  • 1 reply
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New K-1 tax form from partnership, but I've already submitted my Federal & State (TurboTax Deluxe) filings.
What now?  - EK

1 reply

March 7, 2023

You should amend your return and add the K-1 form. 

 

First be sure to wait until after your get your refunds, or at least three weeks after your tax returns were accepted if you had a balance due. 

 

  1. Sign in to TurboTax.
  2. On the home screen, scroll down to Your tax returns & documents and select 2022.
  3. Select Amend (change) return, then Amend using TurboTax Online.
  4. On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and click Continue.
  5. When you reach Here's the info for your amended federal return, select Start next to the Schedule K-1.
  6. Enter your Schedule K-1 information on the following screens. 
  7. Continue through the screens and carefully answer the remaining questions to finish amending your return.
     

 

 

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