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almuqdadi
Returning Member

K-1 form 1065 with income loss

I submitted my federal tax for 2020 last month and it was accepted. I just received a Schedule K-1 form 1065 with -36 dollars of income/loss. Do I have to file an amended?
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2 Replies

K-1 form 1065 with income loss

If you are asking about the status of your refund, only the IRS can tell you, and it is backlogged.

KrisD15
Employee Tax Expert

K-1 form 1065 with income loss

You should. 

It may not change your tax liability, but it is an income reporting tax form (although it shows a loss) and the IRS will be looking to match that K-1 to a tax return. 

 

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