How can I delete a 1099 K form and put the information in as a 1041 K-1, where it belongs? Thank you.

In TurboTax Online, delete an IRS form 1099-K by selecting the Delete trashcan to the right at the screen Your 1099-K Summary.

 

 

If you have entered other entries in addition such as IRS form 1099-B entries, those must be removed as well.  Also use the Delete trashcan.

 

In TurboTax Premium Online, report IRS Schedule K-1 entries by following these directions.

 

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & Income.
• Click the down arrow to the right of S-corps, Partnerships, and Trusts.
• Click to the right of Schedule K-1.
• At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
• For several screens, you will be entering data right off the K-1 form.