Received a late Schedule K-1 after filng my FY2019 return for transacting few ETF shares. Should I amend my FY2019 tax return?

[smartfly1]

Received Schedule K-1 (Form 1065) in March 2020 after filing my return in Feb 2020 for transacting few UVXY VIX ETF shares in FY 2019 for small amount $-23 (loss) reported in Box-11C of K-1.

The actual capital gains etc.. for those UVXY buy&sell were already reported in the FY2019 tax return correctly as per brokerage tax statement 1099-B issued to me. This K-1 I got in mail yesterday took me by surprise as I thought everything related to buy&sell UVXY shares was covered in the Brokerage 1099-B statement.

Should I amend my FY2019 return? Next steps?

I filed my return online using TurboTax Premier if this info helps.

Any help & guidance on this one is highly appreciated. Thanks a lot.

[DavidD66]

Given the small amount, I would not file an amended return.  That said, not reporting it could result in a letter from the IRS, but I doubt it.  If you want to file an amended return, see the following:

How to amend (change or correct) a return you already filed

[smartfly1]

Thank you for answering!