I just got a K1, a week after I filed my tax return.
The investment manager responsible for it says that, while he is not a tax accountant, it is of a trivial amount (no more than $20 one way or another) and is on an investment that was sold at a loss the same year it was purchased; so it can just be ignored.
I sent the im's email to my accountant. He says that the IRS would not expect me to amend for something so trivial, and if necessary it can be dealt with if they send out a K-1 matching notice.
I expect they know what they are talking about, especially when the accountant will make a tidy bundle by amending, but I don't want to get on the IRS's bad side. Any opinions? And what is a K-1 matching notice? A search was confusing.