Forgot to include domestic production activities ded. on K-1 stmt

[David]

I am completing a 1040 for an S Corp owner. I realized that the DPAD information wasn't entered on the K-1 statement for the 1120S. Of course, the 1220S has already been filed.

 

I entered the information on the 8903 form in the 1040 as though it were reported by the S Corp.

 

Is it necessary to amend the 1120S just for this K-1 statement information?

 

Thanks.

[Lee B]

I did the exact same thing earlier this year. I amended this 1120 S. It's the right thing to do.

 

Plus, do you really want your client to get a letter from the IRS.

[Abby Normal]

I think the IRS gave up trying to match K1 forms to 1040. A recent 1040 transcript a client got from the IRS didn't even show all the lines from the K1. But still, I think I would amend because it's missing from the Sch K as well as the K1.