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Already filed, received late arriving Schedule K. Do I need to amend and if so, what is the charge?
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Already filed, received late arriving Schedule K. Do I need to amend and if so, what is the charge?
Whether you need to amend your tax return depends upon what is reported n the Schedule K-1.
If you are a limited partner, and the partnership was not sold and the income in Boxes 1, 2 and three totals $10 or less or is negative, then you won't need to file an amended return.
If your net income is more than $10, you should file an amended return.
With TurboTax Premier, there is no additional charge to file a 1040X.
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