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Level 2
October 1, 2020
Solved

Filed 2019 1065 with K-1 for our LLC, the Final K-1 box was inadvertently check. How do I amend this error?

  • October 1, 2020
  • 5 replies
  • 36 views
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    Best answer by Anonymous_

    Was the "Final return" box checked on your 1065? 

     

    If so, you can file an amended 1065 with the box unchecked and a brief explanatory statement that the "Final box" was inadvertently checked (on the 1065 and the K-1s).

     

    [Frankly, there are those who have filed 1065s with the "final" box checked, but have never been questioned]

    5 replies

    Level 15
    October 1, 2020

    Was the "Final return" box checked on your 1065? 

     

    If so, you can file an amended 1065 with the box unchecked and a brief explanatory statement that the "Final box" was inadvertently checked (on the 1065 and the K-1s).

     

    [Frankly, there are those who have filed 1065s with the "final" box checked, but have never been questioned]

    Level 2
    October 1, 2020

    One of the partners is completing her taxes at this time and her accountant needs this amended. When looking at the 1065x, I was able to give a brief explaination.

    Now to send it in as an amended file, do I need to resend all the original 1065 or just the 1065x plus the new K-1 for each partner?

    Level 15
    October 1, 2020

    I would resend with the amended box checked.