RosieL
Level 1
04-06-2021
03:03 PM
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I've made a mistake on the K-1, Statement A (ordinary business income for QBI). This incorrect entry had no affect on the 1120S tax form. Do I need to file an amended 1120S, or is there a way to just correct the K-1 and submit it to the IRS and send out a corrected K-1 to the shareholder?
Thanks for your help.