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Do I need to amend my return for a late Schedule K-1 from Fundrise?

Hi.  I e-filed my return last week, but this week I received a Schedule K-1 from Fundrise. When I input the form in TurboTax it didn't change my Federal or State tax due.  Do I need to bother submitting an amended return?

 

Profit-Loss-Capitol

Started at 0.000000%

Ended at 0.0000976 %

 

Capital contributed during the year

$84

 

Partner’s Share of Net Unrecognized Section

Started at $0

Ended at $1

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4 Replies
AliciaP1
Expert Alumni

Do I need to amend my return for a late Schedule K-1 from Fundrise?

No, since the additional K-1 does not have any reportable income on it you do not need to amend your returns.

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Do I need to amend my return for a late Schedule K-1 from Fundrise?

Wonderful! Thank you! 

Do I need to amend my return for a late Schedule K-1 from Fundrise?

I had an almost similar question.

 

I forgot to add my K-1 forms. But they include "No reportable Income" & I was wondering if I needed to amend my return. 

MarilynG1
Expert Alumni

Do I need to amend my return for a late Schedule K-1 from Fundrise?

Save a copy of your original filed return, and amend your return including the K-1's.  If there's no change to the bottom line, you don't need to amend, unless you are concerned about reporting.  Save the forms for your records if needed.

 

Here's more info on Do I Need to Amend?  You have up to three years to amend a return.

 

@KingDavidXXIV 

 

 

 

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