How do I amend a 1041, 1065, 1120, or an 1120S return using worksheet view?

The following video shows how to amend a business return.



Amending a return is a four step process.
  1. Create a second version of the return.
  • Note: After creating a second version of the return, we recommend amending version 1. If version 1 is always your active return, it will be easier to know which return version to roll forward to the next year.
  1. Select the return to be amended (for Federal and states as applicable).
    • 1041 and 1120 returns have an Amended Return worksheet at the state level to mark each state as amended.
    • Use the table below to see where to mark the return as amended.
  2. Enter the overrides or enter changes as needed.
  3. Calculate the return.
  
Tax ProductWorksheetSectionLine #
Fiduciary - 1041Other > Amended Return1 - Original Return Amounts1 - Transfer original information
2 - Amended Return Explanation1 - Amended Return Explanation
Partnership - 1065Electronic or
Paper file
General > Basic Data1 - General24 - Amended return and Schedule K-1
Paper File OnlyOther > 1065X - Amended Return or Administrative Adjustment Request (AAR)1 - 1065X General Information, Explanation30 - X to transfer original information (federal only)
Corporation - 1120Other > 1120X - Amended Returns1 - Information from Original Return1 - Transfer original information (or as previously adjusted)

4-16 - Enter applicable information as overrides
2 - Miscellaneous Information13 - Explanation of Changes to Income, Deductions or Credits
S Corporation - 1120SElectronic or
Paper Filing
General > Basic Data1 - General26 - Amended return and Schedule K-1
Electronic File OnlyGeneral > Electronic Filing5 - Explanations, Elections, and Preparer notes1 - Explanation code, enter code 56 - Amended Return Statement.
8 - Explanation, enter the explanation of changes to income, deductions or credits.


Notes

  • 1120 Consolidated Corporations are done using either method 1 or method 2 above. These steps must be done in each return in the consolidated group.
  • Amended returns can be amended additional times. To amend a return another time, save the return as a new version, remove any of the amended input from the input listed above, and calculate the return. Create the amended return as if it had not been amended before.
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