If you file before getting the new K-1, you must either: File using the information on the original K-1. Then, amend your return after you receive the corrected K-1. File using the information you believe to be correct. If the information differs from what's on the K-1, you must also file Form 8082.
Failure To Furnish Information Timely For each failure to furnish Schedule K-1 to a partner when due and each failure to include on Schedule K-1 all the information required to be shown (or the inclusion of incorrect information), a $260 penalty may be imposed for each Schedule K-1 for which a failure occurs.
California law requires business entities that prepare an original or amended return using tax preparation software to electronically file (e-file) their return with us.
If you think the information in your Schedule K-1 is incorrect, you can contact the fiduciary to request a new form.
If you're a non-TEFRA partnership (see Definitions and Section I, Part I, items B and C, later) or a non-BBA partnership (defined under Definitions, later) filing an amended return electronically, use Form 1065 and see the related instructions. If you aren't filing electronically, use Form 1065-X.
Preparing and e-filing an amended 1065: On the Partnership Information Worksheet scroll down to Part VI - Electronic Filing Information. Uncheck the electronic filing boxes for the return. Check the Amended Return checkbox for the federal and any state that you need to e-file an amended return for. Open the 1065 p1-3.
If you file before getting the new K-1, you must either: File using the information on the original K-1. Then, amend your return after you receive the corrected K-1. File using the information you believe to be correct. If the information differs from what's on the K-1, you must also file Form 8082.
You can file Form 1040-X, Amended U.S. Individual Income Tax Return electronically with tax filing software to amend your Form 1040, 1040-SR, 1040-NR, or 1040-SS/PR for the current or two prior tax periods. If amending a prior year return originally filed on paper, then the amended return must also be filed on paper.
California law requires business entities that prepare an original or amended return using tax preparation software to electronically file (e-file) their return with us.