I e-filed my son's 2024 Federal Return, was accepted, and balance owed deducted from his account. He then received a K-1 Form. I am at a loss on how I should go about amending his return using the 1040X. Where do I enter the K-1 information, or do I submit the form in addition to the 1040X? I am using TT Deluxe 2024. Is it possible to complete this task using that software?
Thank you for you help
If you are using the desktop TurboTax Deluxe software you can enter the Schedule K-1 under Federal Taxes > Wages & Income > Business Items > Schedules K-1, Q.
You cannot enter a Schedule K-1 in TurboTax Deluxe Online. If you are using TurboTax Deluxe Online you will have to upgrade to Premium in order to enter the Schedule K-1.
See the following FAQ for instructions to amend a tax return for the current year.
How do I amend my federal tax return for this year?
Thank you ever so much for the advice! I began inputting the K-1information, all went well until I discovered my son needs to access a K-3 from the company. Hopefully, this should not create any further issues, and I can finally be finished with the amending process!