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Do I need to file an amended 1120s if the only mistake was making an adjustment to the QBI which changes the K1

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Do I need to file an amended 1120s if the only mistake was making an adjustment to the QBI which changes the K1

Yes. You'll need to amend the tax return of the S-Corp (form 1120S).

You also need to send the amended K-1s to shareholders.

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