This month (March 2025), I have received an amended 2022 and 2023 K1 (1065).
Amending 2022 using TurboTax is pretty straightforward but the 2022 amendment changed the following 2022 carryforwards to 2023!
1) Form 8582: Passive Activity Loss Limitations
2) Form 8995-A (Schedule C): QBI Loss Netting and Carryforward
3) Form 8801: Credit for prior year minimum tax
While amending 2023 taxes, it is easy to make amended 2023 K1 (1065) changes. But how do I adjust the 2022 carryforwards from (1), (2), (3) above in TurboTax? Since I already filed 2023 taxes, TurboTax can't go back and re-read the amended 2022 tax data and make the adjustments automatically. I am thinking that I have to make these changes manually.
But I am not sure how to go about making these adjustments in 2023 amendment along with adding amended 2023 K1 (1065) data. Please help!
Thanks!
