Are these Schedule C businesses?  If so, you'd need to amend the return (can't be cancelled once it's been accepted by the IRS) to reflect the correct information.    All 3 business were reported on in TurboTax Self-Employed or Home & Business programs, correct?  The TurboTax FAQ below will instruct you on how to amend your 2018 return.  Please wait until the original return has been completely processed and any payment or refund has been made.  Additionally, an amended return cannot be e-filed.  It must be printed, signed and mailed.

"How do I amend a 2018 return in TurboTax?"

https://ttlc.intuit.com/replies/7276605

All 3 businesses were filed as schedule k (partnerships) and yes the businesses were reported on turbo tax. Approx how many days after filing does it usually take to receive a "processed" confirmation email from the IRS?

Thank you so very much for your help 🙂

@warith3140Forgive me for asking, but did you file using TurboTax Business?  The reason I ask is because I'm not versed in Partnerships, etc.  If you used the Business program (which is available only in Windows Download version), I'll see if I can find another SuperUser who will be able to answer your question best.

When I use the word "processed", I mean that the return has completely cleared the IRS system.  In other words, you would have received any refund that is due you, or made any payment to the IRS if you had a tax liability.

Yes I did use turbo tax business and I understand, so when can I expect them to completely finish processing my tax return? (i.e 1 to 2 weeks after sending using turbo tax business)

Let me see if I can find another SuperUser to respond to you here.  Sorry I can't be of more assistance!

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@warith3140 wrote:

Yes I did use turbo tax business and I understand, so when can I expect them to completely finish processing my tax return? (i.e 1 to 2 weeks after sending using turbo tax business)

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It remains unclear exactly how you filed the returns you generated in TurboTax Business. Did you e-file or print and mail them?

If you e-filed, you can check the status as displayed in the first screenshot below; it should indicated that the return was accepted.

If you printed and mailed, you will see words to that effect on the opening screen similar to the second screenshot below.

Please clarify the method you used to file and the status as displayed in TurboTax Business. If you e-filed, you should have been notified of acceptance or rejection with 24 hours or so.

@Anonymous_Do you agree with my initial answer that the user should amend?  There should be no tax consequences, I believe.

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@Kat wrote:

@Anonymous_Do you agree with my initial answer that the user should amend?  There should be no tax consequences, I believe.

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I believe so because it appears as if the only issue was the wrong entries were made under different EINs (i.e., the taxpayer entered zero profit under the EIN that actually showed a profit). So, those two returns should be amended and doing so should be a relatively simple matter.

I still can't figure out whether @warith3140 filed electronically or my mail (not that it matters much with respect to amending).

You've been an absolutely great help Kat! w/ very prompt response time. Thank you so much 🙂

Yes Tagteam you are correct. The business that was suppose to show a loss shows a profit and another business shows a profit when it should show a loss. Furthermore I filled the tax returns electronically (e-file). 

I'm happy to try to help, @warith3140.  Kudos to @Anonymous_ for the finish!