Question

I have received a K-1 form after my taxes were filed and accepted. How should I be proceeding now?

Forum|Forum|4 years ago
March 29, 2022
2 replies
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TurboTax Premier Online

You do not need to file an amended return with the new K-1 if the information on the K-1 does not change your tax liability.

You can have TurboTax take you through amending your federal return to see if any changes occur to the original return after you enter the Schedule K-1 information. If there is a change in tax owed, then you can file a 1040-X amended return.

Amend your 2021 return

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M

Mike9241

there can be items on the k-1 that do not affect 2021 taxes. however, some of those items may be eligible for carryover to 2022 such as passive losses. to claim in 2022 you need to amend 2021