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Level 1
posted Mar 30, 2025 8:32:37 AM

Form 8990. Ignore and later file an amended return?

I am supposed to file 8990 for excess business interest expense from an MLP.   This was cause me to have to manually file my entire tax return.   Any thoughts on making a "mistake" and forgetting to include anything on line 13k for the excess business interest expense which would allow me to e-file my return and then later filing an amended return with Form 8990?   The amount is NOT de minimum.    Would this work?    Any downside?  Thanks.

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1 Replies
Expert Alumni
Apr 2, 2025 6:07:41 PM

Yes, you could Efile without Form 8990 and later Amend your return to add it.

 

The only downside might be is if you have to pay more tax.

 

A taxpayer (including, for example, an individual, corporation, partnership, S corporation) with business interest expense; a disallowed business interest expense carryforward; or current year or prior year excess business interest expense must generally file Form 8990, unless an exclusion from filing applies.

 

Here's more info on Form 8990.

 

@samiam11