1065-US: Amending a partnership return (FAQ)

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Question

How do I amend a partnership return?

Answer

The procedure to amend Form 1065 depends on whether the amended return is electronically filed or paper filed.

  • Electronically filed - Use Screen 1065 to enter the reason the return is amended in the statement dialog for the Amended return field. Identify the line number of each amended item, the corrected amount or treatment of the item, and an explanation of the reasons for each change. UltraTax CS marks the Amended return checkbox on Form 1065, Page 1, item G(5) and includes the statement with the electronically filed return. Leave the Amend screens in the Separate Filings folder blank, this will prevent the electronic file from creating. 
  • Paper filed - Use Screens Amend, Amend-2, and Amend-3 in the Separate Filings folder to enter information as reported on the original return, explanations of any changes, and other general Form 1065X information. UltraTax CS marks the Amended return checkbox on Form 1065, Page 1, item G(5) and prepares and prints Form 1065X. 

In all other applicable input screens, make the necessary amended return changes to the active client data.

Notes

  • We recommend that you make a copy of the original return by choosing File > Save As before you make any changes for the amended return.
  • UltraTax CS also marks Schedule K-1 for all partners as amended when Form 1065 is amended.
  • Form 1065X is not applicable to Form 8865. To amend Form 8865, always use the statement dialog for the Amended return field in Screen 1065.

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