Amended Tax Return for Addit'l Deductions

[austin3515]

1065 was filed without deducting anything for profit sharing last week. Can an amended be filed "today" (before 9/15) to take an additional deduction? Or has the ship sailed?

[Jim Chad]

FWIW

I would think that would be no problem.

[Flyboyjohn]

No problem with filing an amended return and claiming the deduction.

You're probably thinking about the problem of when the contribution has to be made in order to be deductible on the prior year tax return which arises when the return is filed but the contribution is not made before the initial/unextended deadline.