In your posttax 2020 review you mention filing a superseded partnership return as opposed to amending the return. How is a superseded return filed?
Is this a better alternative to filing an amended return under the CARES act?
The superseded return may be e-filed by checking the superseding return box on the electronic submission.
Filing a superseded original return, if the partnership uncovers any errors on the original return or K-1s, will avoid having to go through the administrative adjustment request procedures. This applies to post-2019 tax returns.
I am also confused about the superseded return process. Can you file a superseded return for a year 2019 partnership return that has already been efiled and accepted. Can you file a superseded return for a year 2019 partnership return that corrects an error you have discovered that has nothing to do with CARES act.