- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello. Filed a 1065 and gave K-1 to client. He later said he gave me the wrong social. 1065 has already been e-filed. What options do I have? Do I just reprint a k-1 for him with the correct social and he reports that on his personal taxes? What about the wrong one that has already been efiled?
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Im not sure there's an option to just amend the K-1, but the SSN on it will be the only change from the original.
Just check the amended box on the front page of the return (that will check the box on the K-1 as amended as well), and check the Amended option in the Part VI EF area of the fed info worksheet and Efile it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Correct the K-1 with the right SSN.
You can Efile the amended 1065 to reflect the new SSN.
Issue the amended K-1 to the partner.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just I saw something about efiling amended 1065s, I didn't know we could do that! Since I am so used to amendming 1040s only by paper mail. So I can amend, correct the K-1, and the partner can efile her personal once amended 1065 is accepted?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The partner shouldn't need to wait, the dollar amounts are all correct.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Lisa, I forgot to ask, do I amend the whole 1065 or just the K-1? Thanks!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Im not sure there's an option to just amend the K-1, but the SSN on it will be the only change from the original.
Just check the amended box on the front page of the return (that will check the box on the K-1 as amended as well), and check the Amended option in the Part VI EF area of the fed info worksheet and Efile it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You're awesome! Thank you as always 🙂