Partnership Return Help

[nynjtaxman]

I need some help on how to amend a partnership K-1. One of the deductions was incorrect in sect 13. The change will not change the return, just the deduction on the personal return. Can I just amend the K-1, or does the entire return have to be amended and sent in.

Thanks for your help.

[bstaxes]

I would amend the whole return. I have not heard of just amending the K-1, because the K-1 is part of the return. I would consider the K-1 like and sch on a 1040. You just don't amend the sch. You amend the return. Just my thoughts on the subject.

[nynjtaxman]

Thanks for your input. I was leaning towards that. I'ts not a big deal since the only thing changing is the K-1 deduction. The K-1 change will then make a amended due on the personal return.

[bstaxes]

It probably would require an amended personal return depending on what was changed. Sect 13 I would say yes, amend.