Select the applicable instructions below to find out how to amend Form 1065, US Return of Partnership Income. Refer to the Instructions for Form 1065-X for information on who should file Form 1065-X.
Before amending the partnership return, you should create a copy of the original file for amendment. Refer to this article for instructions on copying a client in Lacerte.
Follow these steps to amend the return using Form 1065-X:
- Go to Screen 70, Amended Return or AAR (1065X).
- Under the Miscellaneous section, check the Amending federal return (MANDATORY) box.
- Press Ctrl+E in the Explanation of changes (Ctrl+E) field.
- Enter the reason for amending the return and click OK.
- Scroll down to the General Information (Form 1065X) section.
- Enter a 1 or 2 in Filing Form 1065X: 1=amended return, 2=AAR (MANDATORY).
- Form 1065-X can't be used to amend a previously e-filed return.
- Select the Type of Amended Return / AAR (MANDATORY).
- Enter the Beginning year date and Ending year date (if not the current tax year).
- Complete any other applicable information in this section.
- Enter the As Originally Report amounts in the following sections:
- Income (Loss)
- Deductions
- Self-Employment
- Credits
- Foreign Transactions
- Alternative Minimum Tax (AMT) Items
- Other Information
- Enter the applicable changes in the appropriate screen(s).
- The fields under the Correct Amount [O] column are overrides and can be used if you don't want Lacerte to calculate the changes.
If you e-file an amended return and later need to make further corrections by filing another amended return, Lacerte will still allow you to e-file the subsequent amended return.
