Once you have the updated K1 for 2023, you can make the manual adjustments by amending and then decide if you need to amend the 2023. Meanwhile you have two options.
- File your 2024 tax return with the information you have from 2023.
- Create the 2023 amended return for the corrected K1 then make the changes in your 2024 return before you file.
Your entry instructions for your changes noted in your question - these should carry to the appropriate forms from the K1 entry:
- Form 8582 - The K1 will have a changed number which is what you will enter in the K1 (TurboTax will automate to the 8582)
- Form 8995 - To include your QBID carryforward loss so that it is not lost you can use the steps below if you don't enter from your K1 (it should be on your K1 Box 20, Code Z, also known as Section 199A)
- Income and Expenses > Other Business Situations > Net Operating Loss/QBI Carryforward Loss
- Form 8801 - Deductions and Credits > Estimated and Other Taxes Paid > Credit For AMT Paid in a Prior Year
Again, as @AmyC indicated, if the changes are so minimal there is no tax affect, then an amendment may not be needed.
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