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I've already filed my tax return. I made a mistake and filed my business as a sole proprietorship when I should have filed it as 2 member LLC. How can I amend this?

I originally purchased Turbotax Self-Employed and just purchased Turbotax Business.  I couldn't find my tax return to amend it with the newly downloaded Turbotax Business.  How do I amend my Schedule C to the necessary Form 1045 (to get the K-1 for myself and my business partner)?
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DDollar
Expert Alumni

I've already filed my tax return. I made a mistake and filed my business as a sole proprietorship when I should have filed it as 2 member LLC. How can I amend this?

You can't amend your Schedule C into a Form 1065.  You need to prepare your Form 1065 using TurboTax Business.  You will then amend your Personal Return to delete Schedule C and the K-1 that will be generated when you create the Form 1065.  The Form 1065 has to be done first, as it is necessary for your personal return.

For detailed on information on how to amend see the following FAQ: https://ttlc.intuit.com/replies/3288565


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2 Replies
DDollar
Expert Alumni

I've already filed my tax return. I made a mistake and filed my business as a sole proprietorship when I should have filed it as 2 member LLC. How can I amend this?

You can't amend your Schedule C into a Form 1065.  You need to prepare your Form 1065 using TurboTax Business.  You will then amend your Personal Return to delete Schedule C and the K-1 that will be generated when you create the Form 1065.  The Form 1065 has to be done first, as it is necessary for your personal return.

For detailed on information on how to amend see the following FAQ: https://ttlc.intuit.com/replies/3288565


smar1216
New Member

I've already filed my tax return. I made a mistake and filed my business as a sole proprietorship when I should have filed it as 2 member LLC. How can I amend this?

What would the procedure be if I have several years of Schedule C filings that should have been 1065 and K-1 forms?

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