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New Member
posted Jun 4, 2019 7:21:11 PM

Need to file amended k-1 for business partners

I filled out the partnership profit and loss statement wrong and didn't put it for 50% for the profit and 50% for the loss. I just realized my mistake when filing my personal taxes. Now I need to refile/file an amended business/partnership tax. I cannot find/figure out how to do that, where on/in the TurboTax for business can I refile/resend the amended paperwork?!

0 2 1522
2 Replies
New Member
Jun 4, 2019 7:21:13 PM

You can create an amended tax return (Form 1065X) in TurboTax Business.  The amended return will need to be printed and mailed, along with any schedules or attachments related to the changes made on the 1065X.

To create an Amended 1065X form,take the following steps:

When you first open the TurboTax Business program, scroll down to "Amend A Tax Return" and select which filed return you want to amend.  See sample screenshot attached.

New Member
May 2, 2021 9:21:16 AM

But, partnerships who filed their original return electronically are supposed to e-file the amended 1065 as well.