Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:56:02 PM

How do I get rid of S Corp Form 1120 S for 2018? I sold the investment in 2017 and don't have anything to report in 2018. I have an Error on my 2018 Return.

My 2017 K-1  S Corp Form 1120 S was a 'Final K-1' and I didn't show it as such on my 2017 return, so, of course, the form appears from my 2018 TurboTax download.  TurboTax still thinks I own this investment. How can I keep this form from appearing on my 2018 and future TurboTax downloads?  I have an Error on my Fed return.

0 5 1804
1 Best answer
Expert Alumni
Jun 4, 2019 7:56:05 PM

To delete a form (K-1) in TurboTax Premier (Windows) switch to the Forms view (Ctrl+2).  Click "Open Form" in the left-hand navigation, then type "K-1" in the search box and double click on the form.  When the form populates, click "Delete Form" at the bottom of the page.  

Please comment if you need additional help with this.

5 Replies
Expert Alumni
Jun 4, 2019 7:56:05 PM

To delete a form (K-1) in TurboTax Premier (Windows) switch to the Forms view (Ctrl+2).  Click "Open Form" in the left-hand navigation, then type "K-1" in the search box and double click on the form.  When the form populates, click "Delete Form" at the bottom of the page.  

Please comment if you need additional help with this.

Returning Member
Sep 11, 2022 7:01:21 AM

Received letter  to file year end 2018.

to file 1120-S

Level 15
Sep 11, 2022 7:53:05 AM

If you did not file a final 1120S in 2017 then the IRS believes the business was still open ... so file a final 2018 return as requested.  

Level 1
Sep 12, 2022 9:15:43 AM

Hi, II seem to have a phantom K-1 1120S in my 2021 return - I deleted one that ended business in 2020, but TurboTax still wants me to populate a form for some reason, I get an error due to no company name on an 1102S.  I tried to follow your instructions to delete the 1120S but I do not see a "delete form" button at the  bottom of the page.  Thanks for any help you can provide.

Level 15
Sep 12, 2022 9:55:42 AM