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jweiss25
New Member

TT is asking me for K1 Partnership Name, but I only have K1 Trust name, which i filled out already. How do i get around the K1 Partnership entry?

TT is asking me for K1 (1065) Partnership Name, but I only have K1 (1041) Trust name, which i filled out already. How do i get around the K1 Partnership entry?
2 Replies
VolvoGirl
Level 15

TT is asking me for K1 Partnership Name, but I only have K1 Trust name, which i filled out already. How do i get around the K1 Partnership entry?

Did you have one last year?  It may have transferred over and is waiting for you to fill it in.

Try deleting it this way.  Go to the K-1 interview section here
Federal
Wages and Income
Then scroll way down to Business Items
Schedules K-1, Q - Click the Start or Update button

If the first screen says "Do you want to review Schedule K-1?". You have to answer yes and then click Update by  the Schedule K-1 type (LLC, S corp, trust). The next screen is the Summary screen listing all of the K-1 entered for that type of entity.  You can review, edit or delete it there.

One user found he had to add a fake name first.....
I figured out that I had to actually start fixing this problem by entering a fake K-1 name to the TurboTax request and then going back to the "Update the Schedule K-1" and deleting the fake K-1 name.  
jweiss25
New Member

TT is asking me for K1 Partnership Name, but I only have K1 Trust name, which i filled out already. How do i get around the K1 Partnership entry?

Volvo Girl, a fake k1 name/then delete worked after I backed out of the k1 section enough then back in. Thanks!
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