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Re: RenoLucky post# 46

Saturday, 10/09/2021 8:38:32 PM

Saturday, October 09, 2021 8:38:32 PM

Post# of 59
indeed I received another notice that said they made an error and instead of box 1 "operating income" being 6 digits for me, was now a Negative number or loss... Huge difference. CPA's want some $300 to correct it for me. It's worth it but annoying.

I don't understand why your corrected one would still show you owe anything?

also keep in mind the company should be sending you a revised K-1 as that is what you should have for your records for the CPA's to base their changes off. But unsurprisingly they are not sending it to you. You have to call them up at tax package support and retrieve your new updated K-1 by asking for it.. then supply to your accountant