Working on my parents' taxes, and since I didn't take over their portfolio until partway through 2012, it contains a couple of publicly-traded partnerships that Dad held early in the year which sent K-1s. We filed last night, thinking we had all of them, and today received two more.
Punched them into TurboTax as an amended return, and it says they're due $1 back from the additional forms. $1 by itself is not worth amending to get back -- since you can't e-file, we'll spend half that on the postage and the other half on paper and ink. My question is whether we're inviting an audit for having a return filed without these K-1s.
(Of course, we wouldn't amend immediately either way -- we'll wait to see if more forms show up, and to give the IRS time to work through the first return. But should we ever amend it just for this?)
Anyone have any experience/thoughts here?
I'm not a financial advisor, I just play one on the Internet.