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

 
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JamesG1
Expert Alumni

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.

 

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