Investors & landlords

@BTTinTally 

 

NO ... since the 1065 is a pass thru entity when you amend the 1065 the credit will pass thru to the partners on their amended K-1 forms.  So the 1065 should go on extension and the return should be completed the correct way to begin with so that all the members/partners  will not need to also  amend their returns later.