Should I amend my 2020 return to add a K-1 (from a trust/estate) that only has a $10 value? I can input into Fed return no problem but totally lost on Michigan interview.

[wcpesp]

The active "refund monitor" does not change (says "0") on Fed return, after entering the $10 K-1. But state monitor changes to $1. I simply cannot figure out where to enter a MI-1041 K-1 on the state return so wondering if the stae gets this info from the Fed return?

[RayW7 · Accepted solution]

You usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. The IRS will often correct those types of mistakes on its own and, if necessary, send you a bill for the additional tax due or a refund if the error was in your favor.  

If you return has not been processed it's likely the IRS will have a copy of the K1 and will catch this error.  The IRS will usually correct and notify you  if it's missing any forms.

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Should I Amend My Tax Return for A Small Amount? | The ...