- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
If the only thing that the K1 is reporting is that small loss then you do not need to amend your return. The IRS requires you to report all income that you receive. Deductions are (mostly) optional.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 23, 2025
12:33 PM
8,416 Views