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Get your taxes done using TurboTax
You should only enter a K-1 as a K-1 because the partnership or S Corporation has already filed the details of the business activities in its own return. The K-1 is the summary of your share of those activities.
You need to delete your entries in the "business section" and enter the K-1 with the step-by-step interview. I'm assuming you used a Schedule C to enter your "business section" information so you can delete that by following these steps in TurboTax Online:
- Within your return in TurboTax Online search for Schedule C.
- Click the Jump to link in the search results.
- If you get to a self-employment summary screen, delete the self-employment income line with the trash can icon.
- If you get to the question Did you have any self-employment income or expenses? answer No.
- Click on Tax Tools on the left side of the screen.
- Click on Delete a Form.
- Scroll down to your Schedule C and Schedule SE and click Delete if they are still there.
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‎April 6, 2022
3:39 PM