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?
04697
4 Replies
Bsch4477
Level 15
Jan 1, 2024 5:36:09 PM
You have to amend your 2022 return.
dmertz
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.