InvClub
Returning Member

K-1 amendment

We are a LLC for investment club (<10 members) and filed federal return.   After the return,  it was realized one of the members was marked as 'Foreign Partner' on K-1 (Line H1).   2 Questions

 

1.  Do we need to amend the return?

2.  If amended,  what to send with amendment ?  Just one member's K-1 or all K-1s ?

3.  If amendment is not required,  can we just change the members H1 information and re-issue ?