Amend a fiduciary return
You can use Form 1041 to file an amended return.
- SelectFilethenOpen Clientand select the return to be amended.
- SelectFilethenSave As.
- Enter a new client ID to preserve the original information then selectSave.
- Close the preserved return and open the original return to modify the income, deductions, or beneficiary information as necessary.
- Select theGeneralfolder.
- On theAmendscreen, enter data in the statement window for theExplanation of changesfield to explain the changes made to the original return.noteTo show that you amended Form 5227, enter the explanation in theAmended return explanationfield on theSITscreen in theSplit-Interestfolder.
- Enter data in theAmounts as previously reported:fields, as applicable. If you've entered information in theExplanation of changesfield, these amounts will apply to the return, as applicable.note
- To amend a return for Illinois, Massachusetts, Minnesota, or Pennsylvania, you'll need to enterXin theTransfer original informationfield on theAmendscreen for the applicable state. Then, change any information at the federal level to complete the fields with the original information.
- Form 1041, Schedule K-1 and Grantor/Agency Report are marked as amended when there's an entry in the statement for theExplanation of changesfield on theAmendscreen.
