Does an amended 1120S need to be filed?

[thomtax]

On the schedule K1 of an 1120s, Part III, Line 10, with the category of E, an incorrect amount was entered. This does not affect the P & L or the amount on Line 1 of the K1.

The personal return was filed without consideration of this item, planning to correct the K1.

Does an amended return need to be filed to correct this K1 item or is there another way to simply correct the K1 without drawing attention to the rest of the return.

OR - should I just ignore it until we see if the IRS says anything and make the amended at that time?

Thanks for any guidance.

[OldJack]

If the code E item amount did not effect the 1040 being correct for the current year and/or future years, I think I would pass on making any corrections unless the IRS audits or questions the same. Some things are just not worth making a fuss over.