Yes, you can file your personal 1040 tax return even though the S-Corp may provide an amended K-1. You have the option to report the K-1 as you have received it or omit that entry now and plan to file an amended return later.
Since the S-Corp is waiting for future legislation, your best option is to file with the information you have been given. In the unlikely event the legislation is passed and affects the S-Corp filing, you can file an amended return later.
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