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jj_lane
New Member

Need to amend my business taxes for 2024 to decrease my taxes owed. I started the amend process in Home and Business. I don't see how to amend in the business section.

I can amend in the personal section but can't figure out how to amend anything in the business section.
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1 Reply

Need to amend my business taxes for 2024 to decrease my taxes owed. I started the amend process in Home and Business. I don't see how to amend in the business section.

 

first start an amended return by using that link

for schedule C or E (rental) go to that business section

 

 

if for example you listed insurance as $20K but it should be $25K just change it to $25K. 

also make sure that any previous payment or refund is entered. Turbotax may have left them blank.

you don't amend until the original is fully processed

 

 

if this a k-1 change, you first need to file an amended return for the partnership or S-Corp. then you would follow a similar procedure as above by changing the amounts on the lines to reflect the revised k-1

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