Can I remove a K1 that I received in 2021 from my 2022 taxes?

[rtisraelsky]

I received a K1 in 2021, but not in 2022. The K1 is still saved in my tax info on TurboTax Online, and I need to remove it as it no longer applies. How do I do this without upgrading to Premier?

[MinhT1]

This schedule K-1 has been transferred to your 2022 return from previous year's return.

To delete it, please follow these steps:

1. In TurboTax, open your return
2. In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
3. On the Tools Center  page, click on Delete a form 
4. A list of forms will appear. Locate the Schedule K-1 (name of entity) and click Delete next to it.
5. On the next screen, click Delete Form

[rtisraelsky]

Thank you. I deleted the form, but i'm still being prompted to review my K1 and to upgrade in order to access the form. How can I get around that?

[JohnB5677 · Accepted solution]

You cannot simply delete a K-1 form.  It will remain active until the return indicates that it is inactive.

Select Wages & Income

1. Scroll to S-corps, Partnerships, and Trusts
2. Select Schedule K-1
3. Choose the type of K-1
   1. Partnership / LLC (Form 1065)
   2. S-Corp (Form 1120-S)
   3. Estate or Trust (Form 1041)
4. Continue through the Interview

If your K-1 was not active or was eliminated in the current tax  year, continue through the interview.

1. Do not enter anything until you get to: Describe the Partnership
2. Select:  This partnership ended in 2022.
3. This will not delete the K-1 from this year's return, but it will next year.

[rtisraelsky]

Thank you! The partnership ended in 2021. Does this mean I have to pay for the premium turbotax just to get the form removed?

[Mike9241]

was 2021 marked as final? if not you keep it. some k-1s for 2022 won't come out until March or even September.

[rtisraelsky]

Yes, it was marked as final.