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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 ?
March 15, 2020
9:41 AM