JulieS
Expert Alumni

Get your taxes done using TurboTax

As long as you didn't enter any information for box 20 details, including zeros, in the follow up questions, this won't cause any problems and should not change your return in any way. 

 

If you did enter some information and you need to get rid of it, here is how:

  1. Login and continue your return.
  2. Select Federal from the left side menu.
  3. Find Schedule K-1 on the list and click Edit, or Revisit to the right.
  4. Answer the first question Yes.
  5. Click Update to the right of the K-1 you need to correct. 
  6. Click through the return until you get to the Box 20 entries.
  7. Clear every entry and leave it blank.
  8. When you are returned to your K-1 Summary, click Edit to the right of the partnership name. 
  9. Click through until you reach the screen that says Check Boxes That Have an Amount.
  10. Uncheck the box next to Box 20.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"