TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Schedule K-1 box 16 checked

Forum|Forum|3 years ago
June 28, 2023
1 reply
10 views

The form came after we had already done our 2022 taxes with Turbo Tax. What do I do?

Ask the Experts - Energy - June 2023

Employee Tax Expert

Employee Tax Expert

Hello,

If you received schedule K-1 after you filed your tax return, you will have to amend your tax return and include the schedule K-1 in your amended return. You received this schedule because you (or your spouse, if married filing jointly) were either a partner in a partnership, shareholder in a scorp or a benificiary in a estate or a trust. In any case, you will have to include your share of income/loss in your tax return, for that reason you will have to amend your return.