So I went back and looked over the 2 schedule k-1's I received from the 2 MLP's I invested in. They both actually have a loss on them and the total loss between both of them is only 5 dollars, I did not sell them during that year either. I also looked in to the tax table and verified that it did not move my AGI in to any other tax liability. Do you still believe it will be ok to not amend the return? I just want to be 100% certain it will not result in any serious penalties or anything from the IRS. But I also don't want to spend the money amending the return if it really won't matter. I just don't know what the best option is.
