AnnetteB6
Expert Alumni

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.  

 

@JB0728

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