I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

cavscout1969 · ‎June 1, 2019

Critter · ‎June 1, 2019

No you do not.

nexchap · ‎June 1, 2019

Generally, PTPs generate losses which are suspended until you sell. In addition to updating your income, TT is also tracking those losses, and will automatically carry them over for you when you do next year's return. Whether or not you amend your return, you definitely don't want to lose track of those losses.

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I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

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I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

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I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

I rec. 2 Sch. K1s from stock I purchased for PTPs. My taxable income incr. by $1 and there was no change to refund amount. Do I need to amend?

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