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When amending a 2022 return because of an amended form 1065 k-1, do I delete the previous k-1 for the same account?

 
2 Replies
dmertz
Level 15

When amending a 2022 return because of an amended form 1065 k-1, do I delete the previous k-1 for the same account?

Just update the entries on the existing K-1.  TurboTax's K-1 can contain carryover information transferred in from your previous year's K-1 that you would not want to lose by deleting the original.  Do not enter the amended Schedule K-1 as a separate K-1 in addition to retaining the original, otherwise you will be double reporting.

When amending a 2022 return because of an amended form 1065 k-1, do I delete the previous k-1 for the same account?

Thank you very much for your swift and concise response!

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