- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
As long as no income and deduction information was included in the K-1 filed with your 2021 return, just be sure to delete the K-1 when you file your 2022 return.
Amending your 2021 return to remove the K-1 would not generate a change in your taxes, so it would not be beneficial.
If you received a final K-1 when the business shut down and it was not reported on your return as 'final' at that time, you may want to take a look at amending the return for that year. There may have been some final dispositions that needed to be reported.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 28, 2022
6:05 AM