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After filing an S-Corp extension, can I update a K-1 before filing the return?
I filed an extension for my 2016 S-Corp taxes. I have since received help in calculating a Capital Stock profit/loss amount that needs to go on my K-1.
TurboTax Business says "Once you file your extension, do not make any changes to your extension entries because the information carries to your return."
How do I complete my taxes with the new (correct) information, which is different that the info I filed with my extension?
Can I simply make the changes and file normally?...or do I have to file with the old data, then file an amended return showing the new data?
The change affects the K-1 that's used for my personal taxes. What's the proper order to complete the filings with the corrected data?
Thanks,
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‎June 4, 2019
3:46 PM