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How to handle revised K1 from 2022 return
my 2022 return included a K1, I now received a revision as the stated income on the original K1 was too high,
My income should have been 2500$ lower. Based on my marginal tax rate, there would be a tax relief of a few 100 dollars. How do I best handle it. Can I wait until 2023 taxes, when I get again a K1 from the company and somehow include the 2022 revision? or do I file a amended tax return now for 2022?
thanks
‎October 19, 2023
2:12 PM