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Level 1
posted Jan 1, 2024 5:29:19 PM

I recieved a K-1 too late and had already filed my 2022 taxes. Can I apply the K-1 when filing m 2023 return ? or do I need to amend the 2022 return

Given the K-2 shows a loss, I have overpaid taxes, can I just apply to the 2022 losses when I file my 2023 taxes?

0 4 697
4 Replies
Level 15
Jan 1, 2024 5:36:09 PM

You have to amend your 2022 return. 

Level 15
Jan 1, 2024 6:35:49 PM

If the entity's tax-year end date shown at the top of the Schedule K-1 is in 2023, it goes on your 2023 tax return.  If it shows an end date in 2022, you'll need to amend your 2022 tax return.

Level 15
Jan 1, 2024 6:37:32 PM
Level 1
Jan 2, 2024 4:16:00 PM

Thanks