topic K-1 form 1065 with income loss in After you file

K-1 form 1065 with income loss

almuqdadi — Mon, 08 Mar 2021 00:09:50 GMT

I submitted my federal tax for 2020 last month and it was accepted. I just received a Schedule K-1 form 1065 with -36 dollars of income/loss. Do I have to file an amended?

Re: I submitted my federal tax for 2020 last month

SweetieJean — Mon, 08 Mar 2021 00:09:48 GMT

If you are asking about the status of your refund, only the IRS can tell you, and it is backlogged.

Re: K-1 form 1065 with income loss

KrisD15 — Mon, 08 Mar 2021 00:26:21 GMT

You should.

It may not change your tax liability, but it is an income reporting tax form (although it shows a loss) and the IRS will be looking to match that K-1 to a tax return.

How to amend in TurboTax