Having received a corrected 1099 for a trust I went looking for a 1041-X form on the IRS Website but could not find one. Does it exist? If not how does one report the change
California does not have a 541-X form on thir site
There is an $88 decrease in Total income, qualified dividends increased by $250 and an increase of $18 in Capital Gain Distribution (would be reflected in Capital loss carryover). These changes would drive a change in the K-1. The net result would probably be a refund increase of may be $15 to the recipient of the K-1..
Should I even do anything given that the amounts are small or should I wait for the iRS to do something on their own. Next year I won't be in such a hurry to file