AmyC
Expert Alumni

Get your taxes done using TurboTax

The IRs wants you to file a correct return. You have two paths:

  • File an extension, file a correct return.
  • If you know beyond doubt that the k-1 issued will change your tax liability by less than $25, go ahead and file your return. You don't need to do an amended if the tax liability is $25 or less. If you think you know the numbers and can get it close, go for it.
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