ThomasM125
Expert Alumni

After you file

First of all, if you had a partnership, that means the business would be owned by more than one person. Otherwise, if you were the only owner, you were correct in completing a schedule C, even if the business was organized as an LLC.

 

Assuming you have partners, then you should complete a partnership form 1065 using TurboTax Business and generate a K-1 schedule that you can use to prepare your amended personal tax return. To amend your personal return, you would remove the schedule C entries and enter the K-1 schedule in TurboTax. You will see an option to prepare an amended return on your Tax Home page in TurboTax.

 

 

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