topic Re: Under Reported Income in After you file

Under Reported Income

Marsele MRB — Tue, 20 Apr 2021 18:44:46 GMT

Re: Under Reported Income

LenaH — Tue, 20 Apr 2021 18:56:17 GMT

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

Re: Under Reported Income

Marsele MRB — Tue, 20 Apr 2021 19:15:13 GMT

The person filling out the 1065 form inaccurately stated income by $16,000. Therefore, my k-1 under reported my K-1 income by $4,000. Is this enough of a difference to have me update the K-1 I file to be accurate or should I use the inaccurate figures?

Re: Under Reported Income

ColeenD3 — Sat, 24 Apr 2021 19:07:15 GMT

You should always accurately report your income. The issuer of the K-1 needs to issue you a new form with correct imformation.