K-1 loss increased my amended 1040 tax return from the original. Why?

[kkrana]

I submitted my original 1040 individual tax in March 2025 and paid the full owed amount then. Received a K-1 late in June 2025 and had to upgrade to a Premier version from a Deluxe online to amend my tax return yesterday thus paying a fee of $35. I had a $1212 loss on my K-1 Sch. 1065 (entered as a negative) and it shows I "owe" $910.  Nothing else changed. If I had a loss why am I paying? I already paid $1230 with my original filing in March and now on top of that it's asking for $910 though I had a loss. Can anyone explain?

By the way, a TurboTax Accountant walked me through the process of amending/including the K-1 yesterday as I wanted to make sure it was done correctly the first time. He didn't notice it or was in a hurry for his feedback. 

[VolvoGirl]

Where does it show the $910 tax due?  

Go by the actual 1040X.  Line 18 should be your original refund amount and line 22 should be your additional refund.  If you paid on your original return it will be on line 16.  If there is an amount owed with the amendment, it will be on line 20.

If you have a tax due, do not send the 1040V.  Just include a check with the 1040X.  Ignore the 1040V.  That is for the original return or what the original return would have been if it didn’t need correcting.  Don’t pay the amount on the 1040V.  Pay the amount on the actual 1040X line 20.  And ignore the new 1040.   

Or You can pay the IRS directly at

Https://www.irs.gov/payments

Pick Amended and 1040X on the payment page.

[kkrana]

Tax Liability Line 6 Tax. Enter method used to figure tax (a code is mentioned QDCGTW) 

Line 6 Original (A) $10,069 Net Change (B) $910 Corrected  (C) $10,979

This is where the $910 is coming from and the only "Net Change". Rest are zeros.

How did a K-1 total loss of invested capital prompt a net change on Line 20 Amount you owe $910? 

K-1 Sch D: entered as Capital $1212  Loss -$1212 Total 0 

I tripled checked the numbers and boxes it's entered in. Ran Smart Check a few times. I'm confused. 

[AmeliesUncle]

---

@kkrana wrote:

This is where the $910 is coming from and the only "Net Change". Rest are zeros.

---

Are you saying there are no other "net changes" (at a minimum, lines 8 and 11 would have changed)?  Did line 1 of the 1040X change?

Which box(es) of the K-1 showed the loss?

Just to double check, this was the first time entering the K-1, right?  Rather than getting a corrected/changed K-1 that was already entered on the original return?

[VolvoGirl]

One thing I was thinking of is maybe you shouldn't have entered it as a negative with a - minus sign.  

[kkrana]

That'd double up the total to $2424 showing a 100% gain. It clearly states enter loss as a negative.  TurboTax amendment functionality issue and it's surprising to see a company trading on NASDAQ for $800 a share to have such issues. 

[Mike9241]

is the $1212 you originally paid showing up on line 16 of the 1040-x. Turbotax does not assume any balance due is paid

[kkrana]

Deluxe to Premier upgrade system error issue per Tax Expert I called yesterday. Took her an hour to correct it. It overwrote original return instead of amending it. Instead of $1230, I'd have owed $910 had it been received on time. Original return won't reset to $1230 even though the K-1 was removed. System glitch. The $1212 was carried forward as capital loss balance since I maxed out at $3000 for the year. I owe nothing.