Pass-thru trust has no tax obligation or refund due, but needs to amend return & issue corrected K-1's. How do I do it as soon as possible?
If you prepared the original trust return in TurboTax Business, you can prepare and file an amended return once the IRS has processed the original return.
The amended K-1s can be distributed to the beneficiaries when the amended return is ready, so they have the correct information for their personal returns. But you should wait to file the amended return until you are certain the IRS has processed the original (this can take months). Acceptance by the IRS is not the same as processed.
When you open TurboTax Business, click on Amend a Return at the bottom of the screen before you open the original trust return. Immediately save this file with a new name that includes "Amended" so there is no confusion in the future.