TaxGuyBill
Level 15

@mphillips1994 wrote:

in the partnership they have a rental building and a restaurant.  The rental building was sold in 2018 and the loss was reported on the taxpayers personal return but wasn't taken out of the partnership return.  


If the Partnership did not report the sale in 2018, then the 2018 tax return needs to be amended.

If the 1040 directly reported the sale, that needs to be corrected.  Amend the 1040 to delete the direct sale and add the updated information from the amended K-1.

When things are amended, then the 2019 tax return won't reflect that "situation" at all.