Amend a business tax return - when will that be available

Forum|Forum|5 months ago
March 18, 2026
5 replies
172 views

Hi, I keep seeing that an option to amend a tax return in Turbotax is late February, early March, specific dates like March 9th, etc, etc. I feel like I missing something here. I filed by business's tax return through Turbotax and realized it was wrong. From what I can gather, I can't amend the return until the IRS "processes" my return. This, as I understand it, is the step after the IRS "accepting" my return. Here it is March 18th and there is no option on my Turbotax to amend my tax return. This is very important as I need to amend the return in order to create updated K-1's for myself and my business partners. Am I missing something? Or, do I just need to keep waiting?

DianeW777

Level 15

Yes, they can be amended but generally have to be mailed. It's not a bad idea to give the IRS time to process the original, but you can certainly prepare your amendment now. The 1065-X is available to print and the 1120S is just corrected and labelled as amended. No special form.

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traviswaydeAuthor

Level 2

Thank you for the information. Do I have to wait until the IRS "processes" my business's return? Currently Turbotax status states "accepted", but it's not clear if that will change to "processed". My urgency is getting corrected K-1's for myself and the other owners - is that something I can do prior to submitting the amendment?

LeticiaF1

Level 12

Business electronically filed returns are generally processed within 21 days. You can go ahead and make the changes you need but wait before you submit your return again.