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New Member
posted Jun 6, 2019 6:14:30 AM

I received a schedule K1 after filing. The only items on it are final year deductions and tax-exempt interest - both small amounts. Do I need to file and amended return?

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New Member
Jun 6, 2019 6:14:32 AM

How small is small.  If the amounts are just a few dollars, I would not bother.  If you're talking $1,000 and the amount seems small to you because your income is $250,000, definitely report them.

1 Replies
New Member
Jun 6, 2019 6:14:32 AM

How small is small.  If the amounts are just a few dollars, I would not bother.  If you're talking $1,000 and the amount seems small to you because your income is $250,000, definitely report them.