Do I need to amend my return? I owned less than 16% of a S-Corp that ceased business in 2025 but I mistakenly stated it ceased in 2024 on my 2024 taxes.

[bk1999]

I filed my taxes and have received my refund.

After filing, I realized I mistakenly stated that the S-Corp I owned 16% ceased operations in 2024. It actually closed in the first week of 2025. 

Do I need to amend my return? I went into TT and under the Explanation of Changes I entered "I mistakenly stated that [Company name] ceased operation in 2024. The operations ceased in early 2025."

Is the correct thing to do? Going through the TT guidance, it flagged that nothing in my return had changed. So I'm confused if this is really required at this point or if I just file for 2025 with the K-1 that will be provided and mark that the company ceased operations in 2025.

[Bsch4477]

No need to amend.