I filed the 1120S tax return for our small business. I just realized that there's a mistake on the K-1, Statement A form. Do I have to file an amended return?
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.
