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New Member
posted Aug 21, 2019 11:27:40 PM

Can someone tell me how to remove the check mark . in part 11 of disposition of s corporation shares 1a. i did not sell any of my shares

(form 1120s)

1 11 1569
11 Replies
Level 15
Aug 22, 2019 11:11:22 AM

Can you be more specific? Which form (or which screen in the TurboTax program) are you referring to? 

 

By "part 11" do you mean "Part II"? Further, where are you seeing "1a"?

Level 2
Mar 23, 2020 4:06:50 PM

I am having the same problem.  This is for a K-1 Part II Line 1A.  I did not dispose of any shares, but the program is checking the box.  

Expert Alumni
Mar 24, 2020 1:26:51 PM

Part II of an S-corporation K-1 schedule doesn't have any numeric lines on it as follows:

 

 

Level 2
Mar 26, 2020 9:20:08 AM

Sorry, to be more specific, it is saying Sch K-1 Wks-s Part II line 1a

Level 2
Mar 27, 2020 4:25:20 PM

I am having the same issue. How did you resolve it?

Expert Alumni
Mar 31, 2020 7:12:14 AM

If you are working on a Form 1120S in TurboTax Business, go to Business Info>>About Your Business>>Has an Ownership Change and check the entries there.

 

If you have an S Corp Schedule K-1 for you Form 1040 preparation, go to the interview questions and check to make sure the box is not checked for "this S Corp ended in 2019". 

 

 

 

 

Level 1
Feb 9, 2022 1:55:02 PM

I am having the same problem, for my 2021 tax return.  The program will not let me file the 1040 Fed tax return  unless I do check the K-1 Part II Line 1A box.  But, I did not dispose of any shares. 

Level 15
Feb 9, 2022 2:06:13 PM

You might want to contact Support, @HSS 

 

What is the TurboTax phone number? (intuit.com)

Level 1
Feb 10, 2022 4:15:17 PM

I did go to business section of 1040 and under business info, found program has automatically selected "sold business in Year___.   I unchecked box and if fixed problem.  Thank you.

Returning Member
Feb 28, 2022 3:23:05 PM

Per the answer below: "business section of 1040 and under business info", where is this section? I just spent an hour looking through all of the forms and did not find this box. @HSS 

Thanks

Expert Alumni
Mar 1, 2022 6:28:37 AM

It depends if you're using TurboTax Desktop or TurboTax Online.  

 

To find the screen in TurboTax Online please follow these steps:

  1. Within your tax return click on Income & Expenses at the top of the screen
  2. Click Edit/Add for your Schedule K-1
  3. Click Update for the type of K-1 you need to correct
  4. Click Edit to change the info for the K-1
  5. Click Continue until you get to the XXX - More  Info screen
  6. Uncheck the box This xxx ended in 2021

To find the screen in TurboTax Desktop please follow these steps:

  1. Within your tax return click on Federal Taxes at the top of the screen and Wages & Income
  2. Click I'll choose what I work on
  3. Scroll down to Business Items and click Update for Schedules K-1, Q
  4. Answer Yes to review your K-1, click Update for the type of K-1 you need to correct, and Edit for the issuing company
  5. Answer the questions until you get to the Describe the Partnership screen
  6. Uncheck the box This xxx ended in 2021

@jeffisk