To delete a K-1 entry (I tested this with TurboTax Home and Business for Mac), try these steps:
- Go back to the main screen for Income
- Find the Business Investment Income section
- Click Update next to Schedule K-1
- At the next screen, select Update for the type of Schedule K-1 you want to enter or edit
- The Schedule K-1 you started to enter should appear on the next screen, with buttons to either Edit or Delete.
- If you click Delete, another screen appears asking if you are sure.
- If you confirm you want to delete the K-1, it is deleted.
- Click on Forms at the top menu bar to switch to Forms mode
- Review and confirm that there is no K-1 form
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