- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello Community,
I have a question regarding the filing of an amended 1065 return. None of the income items changed the only reason that I am filing an amended return is that one of the partners as of 1-1-24 assigned their interest to a partnership LLC that they are a member of and did not indicated that when original return was prepared. My question is should I just e-file an amended return with amended box checked and explain the reason for the amended return and issue the new K-1 to the new partner. That would be the easiest way. But from what I have read you must file an administrative adjustment request with the IRS if your client is under the BBA audit procedures and my client is under those procedures. This is a small partnership with 6 partners and I don't want to go through all that. I just want to file an amended return and explain the situation and be done with it. What does community think that I should do.
John Skouberdis
Best Answer Click here