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Josh8
New Member

I already filed my taxes for this year and just received a K-1 that shows a loss. Do I need to amend my return or can I add it to next years?

The LLC is a partnership.
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PaulaM
Expert Alumni

I already filed my taxes for this year and just received a K-1 that shows a loss. Do I need to amend my return or can I add it to next years?

You would need to amend your return to make any changes to it. The K-1 belongs on your 2016 tax return, not next years (2017) taxes.

But wait until the original return is fully processed and you have received a refund/or paid the taxes due. 

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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PaulaM
Expert Alumni

I already filed my taxes for this year and just received a K-1 that shows a loss. Do I need to amend my return or can I add it to next years?

You would need to amend your return to make any changes to it. The K-1 belongs on your 2016 tax return, not next years (2017) taxes.

But wait until the original return is fully processed and you have received a refund/or paid the taxes due. 

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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