Incorrectly entered K-1 from an S-corp as LLC

[Marky3120]

Since 2019 I received a K-1 from an S-Corp.  This S-Corp has an "LLC" in its name.  Therefore, in 2019, I incorrectly entered my K-1 data in my 1040 as Partnership.  Should I amend my tax return?

[tagteam]

Threshold question:

Did you receive a Schedule K-1 (Form 1120-S) or a Schedule K-1 (Form 1065)?

https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf

https://www.irs.gov/pub/irs-pdf/f1120ssk.pdf

Note that the lines (below Line 3) do not match-up with respect to the two forms so you may very well have incorrect entries on your return.

[Critter-3 · Accepted solution]

Since both forms have things in different boxes I would amend the return just to see if anything turned out differently ... if the bottom line has no changes you don't need to file it.

[Marky3120]

I received K-1 from S-Corp Form 1120-S.  

[tagteam]

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@Marky3120 wrote:

I received K-1 from S-Corp Form 1120-S.  

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Then follow the instructions in @Critter-3's post.

[Marky3120]

I am glad I found my mistake. Due to my mistake, Turbo Tax got confused causing my Schedule E to messed up (Line 28 in Schedule E got messed up). After I fixed the problem, I got a refund. 

[tagteam]

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@Marky3120 wrote:

After I fixed the problem, I got a refund. 

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Excellent. Hopefully, it was only the one year (2019).