topic I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021? in After you file

I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

janetpentlady — Mon, 23 Feb 2026 13:33:54 GMT

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

Anonymous_ — Thu, 02 Feb 2023 21:48:21 GMT

Use the date shown on your K-1 (e.g., if this is a fiscal year, use the period ending date/year).

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

Mike9241 — Fri, 03 Feb 2023 01:55:22 GMT

was 2021 the final year (would be so marked on k-1) or was it just a normal distribution that is not taxable unless it reduces your tax basis to a negative number? did you include the k-1 on your 2021 return?

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

janetpentlady — Fri, 03 Feb 2023 17:44:42 GMT

It is the final return for Schedule K-1. The year begins on 7/01/2021 ending 6/30/2022. I do believe I will have to amend my 2021 tax return to include this Schedule K-1. Thanks for your help.

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

Anonymous_ — Fri, 03 Feb 2023 17:51:47 GMT

@janetpentlady wrote:

It is the final return for Schedule K-1. The year begins on 7/01/2021 ending 6/30/2022.

You would report this K-1 on your 2022 individual income tax return since the end date is 6/30/2022.

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. D...

AbrahamT — Fri, 03 Feb 2023 18:35:21 GMT

That is correctl. Because the fiscal y.e. is 6/30/2022, you most likely received it on or after 6/30/2022. As such, you will report the income for t.y. 2022 filed in 2023.

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

janetpentlady — Sun, 05 Feb 2023 13:09:30 GMT

Thank you.

Re: I received my Schedule K-1 form filed in 2021 but the distribution was not made until 2022. Do I need to amend my tax return for 2021?

janetpentlady — Sun, 05 Feb 2023 13:10:13 GMT

Thank you.