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Business & farm
Does TurboTax complete the IU computation for you? If not, it's unlikely you need to include this computation with your amended return.
The Bipartisan Budget Act of 2015 (BBA) created many new regulations for partnerships, including the requirement for an administrative adjustment request (AAR) to adjust already-filed partnership returns (instead of an "amended" return). If you would rather not deal with this bureaucracy, you may benefit from the services of a local tax expert who would be more familiar with your complete tax situation.
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March 25, 2022
10:25 AM