If your K-1 is wrong, you need to contact the issuer for a corrected K-1 or an explanation. The K-1 goes to various places in the return depending on the income and expenses. The second page of your K-1 shows which lines goes where in your return.
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Related:
About Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc.
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