Need I file an amendment after receiving a Sch K-1 showing a loss of income?

[MinhT1]

If you have already filed, you have to wait to see if your return is rejected or accepted.

If your return is rejected by the IRS, you can add that schedule K-1 and correct other errors, then re-file your return.

If your return is accepted, you'll need to amend your return to add the K-1. 

To amend your return, please follow the instructions in this TurboTax Help topic.

[clarkjohnpayne · Accepted solution]

Thanks, but I don't want to go through all that work amending a long, detailed process.  Why?  Because my Sch K-1 showed a $55 dollar loss on ordinary business income.  Why Bother?