nynjtaxman Posted April 12, 2008 Report Share Posted April 12, 2008 I need some help on how to amend a partnership K-1. One of the deductions was incorrect in sect 13. The change will not change the return, just the deduction on the personal return. Can I just amend the K-1, or does the entire return have to be amended and sent in. Thanks for your help. Quote Link to comment Share on other sites More sharing options...
bstaxes Posted April 12, 2008 Report Share Posted April 12, 2008 I would amend the whole return. I have not heard of just amending the K-1, because the K-1 is part of the return. I would consider the K-1 like and sch on a 1040. You just don't amend the sch. You amend the return. Just my thoughts on the subject. Quote Link to comment Share on other sites More sharing options...
nynjtaxman Posted April 12, 2008 Author Report Share Posted April 12, 2008 Thanks for your input. I was leaning towards that. I'ts not a big deal since the only thing changing is the K-1 deduction. The K-1 change will then make a amended due on the personal return. Quote Link to comment Share on other sites More sharing options...
bstaxes Posted April 12, 2008 Report Share Posted April 12, 2008 It probably would require an amended personal return depending on what was changed. Sect 13 I would say yes, amend. Quote Link to comment Share on other sites More sharing options...
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