How do I delete a K1 Form 1120s ? I followed your instructions I clicked update s Corp and there is no delete button

[IreneS]

Are you using the Online version of TurboTax or CD/Download?

[IreneS]

To delete a K-1, you need to also delete the “triggers” that caused it to be activated. 

You can delete the K-1 in TurboTax Online by following these steps:

1. Click on Federal > Wages & Income [In TT Self-Employed:  Personal > Personal Income > I’ll choose what I work on].
2. Under S-corps, Partnerships, and Trusts, click on the box next to Schedule K-1. 
3. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the type of entity that issued the K-1 (partnership, S-Corp., or Estate/Trust].
4. If you have already entered K-1 information or it transferred from last year, you will see the [Type of Entity] K-1 Summary screen.  Click Delete next to the name.

You can delete the K-1 in TurboTax CD/Download by following these steps:

1. Click on Federal Taxes > Wages & Income > I’ll choose what I work on. [In TT Self-Employed:  Personal > Personal Income > I’ll choose what I work on].
2. Under Business Items, click on the box next to Schedules K-1, Q.
3. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the type of entity that issued the K-1 (partnership, S-Corp., or Estate/Trust].
4. If you have already entered K-1 information or it transferred from last year, you will see the [Type of Entity] K-1 Summary screen.  Click Delete next to the name.