For additional Form 1040X Tutorials:
Form 1040X for Child Tax Credit:    • IRS Form 1040X  |  How to File Amend...  
Form 1040X for IRA Contributions:    • IRS Form 1040X  |  How to File Amend...  
Form 1040X for Capital Gains:    • IRS Form 1040X  |  How to File Amend...  
Form 1040X for Foreign Tax Credits:    • IRS Form 1040X  |  How to File Amend...  
Form 1040X for Change of Filing Status:    • IRS Form 1040X  |  How to File an Am...  

Form 1040 income tax returns can be amended by filing IRS Form 1040X. Amended tax returns are filed to correct mistakes made on an original return, and they can be filed for certain carryback claims.

In this example, we look at a taxpayer who needs to file an amended tax return to reclassify a Schedule K1 partnership investment from a nonpassive activity to a passive activity. The taxpayer incorrectly deducted passive activity losses on the originally filed Form 1040. By amending the return, the taxpayer reports the suspended losses on IRS Form 8582.

Form 8582 Tutorial:    • How to Complete IRS Form 8582  Passi...  

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