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Business & farm
Schedule K-1 (Form 1065) reports your allocation of income from a partnership of which you are a member. This income has to be reported on your tax return.
As your tax return is already accepted, you will need to amend your return to include the Schedule K-1.
Please be aware that Form 1040X will not be available in TurboTax until March 25, 2021, but once it is available, you will be able to prepare and e-file your amended return.
Please see this TurboTax FAQ for instructions on how to amend your tax return in TurboTax.
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March 15, 2021
2:54 PM
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