I filed my taxes on March 9th and today I received a K1. My brokerage account listed the investment in the 1099 so I thought the investment was included. But the K1 is more detailed and includes 18-20 items listed. (Various incomes and losses and distributions, etc.) I assume I need to file an amended return. My return has been accepted and is still being processed. Should amend it today or should I wait until the return has been processed?
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You should wait until the tax return has been accepted and processed and a refund received (if there is one.)
If you used TurboTax Online, log in to your account and select Amend a return that was filed and accepted.
If you used the CD/download product, sign back into your return and select Amend a filed return.
See also this TurboTax Help.
In TurboTax Online, follow these steps to report an IRS Schedule K-1:
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