My 2020 taxes have been filed. I received a Schedule K-1 which states no reportable amounts on both forms 1041 and 541. Do I need to amend my 2020 taxes?
02427
2 Replies
Mike9241
Level 15
Apr 15, 2021 5:34:56 PM
since there's nothing to report there's nothing to amend.
npierson7
Level 1
Apr 15, 2021 5:38:40 PM
No, you don't need to amend your tax return if there is no reportable amounts on the form K-1