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late arriving $0 K-1

I received a k-1 after I filed. All amounts are $0 and 0%. It is for the company I joined last year and part of the profit share program (LLC). I entered the form and none of my tax amounts changed. Do I need to file an amended return anyway? If so, do I also need to file an amended state return for Minnesota?

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Accepted Solutions
MinhT1
Expert Alumni

late arriving $0 K-1

If all amounts are 0 on your K-1, you do not need to report it. And you do not need to amend your Federal or State return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MinhT1
Expert Alumni

late arriving $0 K-1

If all amounts are 0 on your K-1, you do not need to report it. And you do not need to amend your Federal or State return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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