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Pay the balance after receiving late k1 from company but the 1st half balance didn't' get deduct from turbo tax

 
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2 Replies
Carl
Level 15

Pay the balance after receiving late k1 from company but the 1st half balance didn't' get deduct from turbo tax

You'll have to provide more details, as nobody can be sure just what you're talking about. Pay what balance? First half of what balance didn't get deducted? Deducted from what specifically? What kind of K-1? 1065 K-1? 1120 K-1? 1120-S K-1? 1041 K-1?

Pay the balance after receiving late k1 from company but the 1st half balance didn't' get deduct from turbo tax

Trying to make sense of your post.  Sounds like you have 2 issues.

 

You received a K-1 late, after you filed the original return and now need to prepare and mail in an amended return to account for this additional income?

 

The balance due on the original return never got paid?

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