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New Member
posted Apr 13, 2023 2:58:12 PM

Do I need to file an amended 1120s if the only mistake was making an adjustment to the QBI which changes the K1

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1 Replies
Expert Alumni
Apr 13, 2023 3:08:20 PM

Yes. You'll need to amend the tax return of the S-Corp (form 1120S).

 

You also need to send the amended K-1s to shareholders.