After you file

When documents are received after your tax return has been filed, in most cases, an amendment must be completed to file an accurate tax return.

The following steps will explain how to begin the amendment process.  Read all of the instructions before you begin.

If you did your original return with TurboTax, you would have to select the return you want to amend.

• TurboTax Desktop will have a button at the bottom of the screen to select 'Amend a Filed Return'
• TurboTax Online  you must scroll down to 'Your tax return & documents' (you may need to select Show), select 2020 and then Amend (change) return.

If these steps are completed correctly the original column figures will be in place.

If you did not do your return originally in TurboTax, you must create the return as it was filed, then close/save it.  Sign back in to select the amendment options noted above.  If these steps are not followed, then the original column figures may not populate correctly.

Once you have completed the steps above, follow the steps below to enter the additional income (and/or expense) from your Form 1041-K1.

To enter your form K-1 in TurboTax, open your return and follow these steps:

1. Click on Federal Taxes, then on Wages and Income
2. Under All Income, scroll to S-corps, Partnerships, and Trusts section
3. Click Show more and click Start next to Schedules K-1
4. Continue to enter the requested information and select Boxes 1-5 for your entry