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Where do I amend the return and add a K-1

Forum|Forum|6 years ago
June 1, 2019
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Best answer by sbooker

Follow the steps below to amend. I will also include where to enter a k-1. Do not amend until you receive your refund.

How to add a K-1:

Federal Taxes ( Personal in Home and Business)
Wages & Income (Personal Income in H & B)
Choose Explore on my own or I'll choose what to work on (if it comes up)
Then scroll way down to Business Investment and Estate/Trust Income
Schedule K-1 - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

https://ttlc.intuit.com/replies/3288565

S

sbookerAnswer

Follow the steps below to amend. I will also include where to enter a k-1. Do not amend until you receive your refund.

How to add a K-1:

Federal Taxes ( Personal in Home and Business)
Wages & Income (Personal Income in H & B)
Choose Explore on my own or I'll choose what to work on (if it comes up)
Then scroll way down to Business Investment and Estate/Trust Income
Schedule K-1 - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

https://ttlc.intuit.com/replies/3288565

W

WillK

You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.
Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.
Amended returns have to be printed and filed by mail. It can take the IRS up to 12 weeks or longer to process them. If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it. If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return.

You will be able to file the K-1 under the wages and income tab.

Click here for amending instructions: https://ttlc.intuit.com/replies/3288565

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