Terri Lynn
Employee Tax Expert

Get your taxes done using TurboTax

Thanks for the question, mlemaire87!

 

First try to delete the K-1 with the incorrect information. 

To delete an unwanted K-1 is from the K-1 Summary screen, which also removes the associated worksheets.

  1. Open or continue your return in TurboTax.
  2. Go tp the Wages and Income Section.
  3. Select the Edit  or update button next to the K- section.
  4. Select Edit or update next to the type of K-1 you initially entered (partnership/LLC, S corp, or estate/trust).
  5. On the K-1 Summary screen, select to Delete next to the K-1 you want to remove. Answer Yes are you sure you want to delete on the following screen.
  6. Select Done.
  7. If necessary, repeat steps 4–7 for other K-1s you need to remove.

Alternatively, if that does not eliminate the issue, you can delete the incorrect K-1  by following these steps:

  1. On the menu bar on the left that shows: My Info, Federal, State, Review, File, Select Tax Tools.
  2. On the drop-down select Tools
  3. On the Pop-Up menu select Delete a Form
  4. This will give you all of the forms in your return.
  5. Scroll down to the form you want to delete.
  6. Select the applicable  K-1
  7. Click on Delete.

Please feel free to reach backout with any additional questions or concerns you might have!

 

Have an amazing rest of your day!

Terri Lynn, EA

 

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Terri Lynn

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