topic Partnership tip income and filing an amended return in Business & farm

Partnership tip income and filing an amended return

CDC125 — Fri, 17 Feb 2023 17:02:31 GMT

We have a two member LLC that is being treated as a membership. When I originally filed the form 1065 for our business I didn't include the tips that the 2 members received because I thought those would be reported on the individual taxes. Neither of these 2 members are employees of the business. Based on my further research it sounds like that tip income should have been reported as income of the business and then it would show up on the K1 of the members. I went to make an amended return and according to IRS instruction if you e-filed originally you can file an amended 1065. However it doesn't seem like TurboTax supports this because TurboTax generated a 1065X instead of allowing me to file an amended 1065. So I looked into the IRS instructions on filing a 1065X and it says to send it to the original center that the tax return went to. Well I don't have an original center since the original was efiled. How should I move forward at this point

Re: Partnership tip income and filing an amended return

MaryK4 — Sat, 18 Feb 2023 04:50:02 GMT

You must send the 1065-X to the IRS service center that you would have mailed the original return to. See Where to File Your Taxes for Form 1065.

Re: Partnership tip income and filing an amended return

CDC125 — Mon, 20 Feb 2023 19:54:27 GMT

I efiled the originally using TurboTax. So where do I mail the 1065X

Re: Partnership tip income and filing an amended return

CatinaT1 — Mon, 20 Feb 2023 20:10:54 GMT

It's based on the state you live in. The link MaryK1101 provided above lists the address you need to use based on your state.

Where to File Your Taxes for Form 1065

Re: Partnership tip income and filing an amended return

CDC125 — Sat, 25 Feb 2023 20:54:53 GMT

Ok thank you! What do I do about the amended Georgia return? Turbotax doesn't give any instructions about how to amend a state partnership return

Re: Partnership tip income and filing an amended return

RobertB4444 — Mon, 27 Feb 2023 17:46:16 GMT

It's fine. The 1065X IS the amended 1065 return that you're going to be dealing with.

Once you amend the federal return then the system will automatically amend the state as well and walk you through the changes. It will efile what can be efiled and tell you to print whatever needs to be printed. Mailing instructions will be included in anything that can't be efiled.

Since all you are doing is adding a little income to the return this will all be pretty easy for you and you should be good to go when you get to the end.

@CDC125

Re: Partnership tip income and filing an amended return

CDC125 — Fri, 03 Mar 2023 13:30:52 GMT

It actually doesn't support efiling an amended partnership return. I will include the screenshot. It is also very confusing as it walks you through the process, as it doesn't make it clear you are still doing an amendment to the return. When you make it to the end it provides the full set of documents from the amended return as well as the original and doesn't provide mailing addresses either

Re: Partnership tip income and filing an amended return

BrittanyS — Fri, 03 Mar 2023 13:45:17 GMT

If you are having issues getting the return to print for mail, you can follow these steps:

To print and mail your return in TurboTax for Windows:

With your return open in TurboTax, select the File tab, then select Continue
On the next screen, E-file Your Federal Return for FREE, select File by mail near the bottom
Continue following the screens until you get to Print Tax Return for Mailing. Select Continue
- On the next screen, select Print Returns to Mail, then select Preview Print Copy in the pop-up window
Once the preview has opened, select the printer icon near the top (or go to Print in the File menu)
When finished, select Continue in TurboTax and follow any additional onscreen instructions

The first page in your printout is your File by Mail Instructions, which gives you the mailing address to send your return to and any forms you need to include with your return.

@CDC125