K-1 reporting

[Macthecaptain]

I have filed and received refund for 2023 taxes that I filed early not thinking about K-1's.  I have 7 K-1's from MLPs in my IRA and Brokerage account.  The total of Box 1, ordinary income, from them is -$5.  The Box 20 V total UBTI is also -$5.   Do I have to report this via an amended 1040?  I am in the lowest AGI tax bracket.  Thank you for your suggestions and help. 

[Mike9241]

partnerships in your retirment accounts are not reported on your 1040 tax returm. However if they generatd more than $1,000 in Unrelated Business Income, a 990-T needs to be file and the UBIT tax paid. most likely the sums of 20V on all the retirement account k-1's

[nexchap]

Its not clear if all 7 MLPs are in your IRA, or some are in a non-IRA brokerage account.

If any are in a regular taxable account you should update your turbotax file by entering them in.  The IRS gets copies of the K-1s, so would expect to see any taxable items reported, but if your tax documents don't change there's no need to resubmit anything.  Either way, next year's return will have the correct carry-over amounts.