I received a schedule K-1 after filing my taxes and receiving my return. The only thing listed is in box 11, final year deductions, 10. Do I need to amend for this?

dereece · ‎June 4, 2019

IreneS · ‎June 4, 2019

No. Since the K-1 is reporting a deduction and not income, you do not have to amend to include the amount in box 11 (especially since it's only $10). It would not really affect your tax position.

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IreneS · ‎June 4, 2019

No. Since the K-1 is reporting a deduction and not income, you do not have to amend to include the amount in box 11 (especially since it's only $10). It would not really affect your tax position.

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

dereece · ‎June 4, 2019

Great, thank you!

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I received a schedule K-1 after filing my taxes and receiving my return. The only thing listed is in box 11, final year deductions, 10. Do I need to amend for this?