I receive a form K1 after filing my taxes. What do I need to do?

[SharonD007]

You have to file an amendment but wait until your tax return is fully processed and you receive your refund or your balance due is deducted from your account.  When you do your amendment to add your K-1 TurboTax will calculate your new refund or balance due based on your additional income. I

For more information and instructions, review the TurboTax articles How to Correct Federal Tax Returns, How to File an Amended Tax Return with the IRS and Video: How to Amend Your Tax Return.