This is not a question about a personal return, it's regarding an s-corp return (1120s). In Turbotax Business, how do I amend and print ONLY the schedule K-1s? According to the IRS there's a way to amend only the K-1s and not the entire 1120s return, and that's what I need to do, to update shareholder basis. I need to correct operating loss carryovers (too much was taken in previous years, resulting in negative income for the shareholders, when it should have been carried forward longer to offset future income). I need to correct the stock and debt basis for the shareholders on the K-1s so their NOL carryovers can be fixed on amended personal returns.
