Before amending any return, save a copy of the original return to paper or PDF for reference purposes as the original form will be changed as a result of the amending process.
Form 1065 doesn't have a separate form for the purpose of amending. Rather, it has a check box at the top of the form indicating it has been amended.
To amend Form 1065 in TaxSlayer Pro, follow these steps:
- Open the return and correct it as needed. Keep track of the change(s) you made.
- From the Main Menu of the return select:
- Heading Information
- Other Categories
- Amended Return - Answer YES to the question to confirm that you are amending.
- In the Description window, describe the changes made to the return.
- If the Schedule(s) K-1 changed as a result of amending the return, be sure to open each K-1, select Other Information, then click Amended K-1?, changing from No to Yes.
If the Schedule(s) K-1 were amended, be sure to send a copy to each partner.
When you print the return, there will be an X in the Amended Return check box in the Form 1065 heading (and in the Schedule K-1 heading if they were also amended) indicating that the return has been amended.
Note: The amended Form 1065 return can be electronically filed.