Late K-1's

[Mary not the other Mary]

Taxpayer brings in an energy PTP K-1 after filing tax return.  Changes income by $12 no change in taxes, but increases his passive loss carryforward by $411.  If I file an amended/superseded return, does the Sch E2 and the carryovers go through to the IRS?  Or am I just wasting my time filing a 1040X with $12 more income?  Does the IRS track carryforwards or is that the responsibility of the tax payer?

 

 

[Slippery Pencil]

wasting time

just track the carryforward

[Abby Normal]

I don't believe the IRS tracks carry forwards, as crazy as that sounds. And I agree to just correct the return in ATX but not amend. The your rollovers will be correct.