Missed K1 from previous year
Going through my online documents I realized I missed a K-1 from 2022 as they were not mailed out.
There is a $1700 distribution on line 19A.
Can I just include it in this years return as opposed to filing an amended return for last year?
Permalink Submitted by Alan - IRA critic on Mon, 2024-04-08 15:39
No, any taxable income must be reported in the year the income was generated.
Permalink Submitted by James Long on Wed, 2024-04-17 16:59
Should I wait till I receive my refund on my 2023 return or submit an amended return now? I only owe $50 on the omission of a hidden 1099. Thx.