No - the 2020 return. If you are trying to delete a K-1 that may have transferred over from 2019 to your 2020 return, please follow these steps:
To delete a K-1, you need to delete the “triggers” that caused it to be activated.
TurboTax CD/Download
- Click on Federal Taxes > Wages & Income > I’ll choose what I work on. [In TT Self-Employed: Personal > Personal Income > I’ll choose what I work on].
- Under Business Items, click on the box next to Schedules K-1, Q.
- On the Tell Us About Your Schedules K-1 screen. Click on the Start/Update box next to the type of entity that issued the K-1 (partnership, S-Corp., or Estate/Trust].
- If you have already entered K-1 information or it transferred from last year, you will see the [Type of Entity] K-1 Summary screen. Click Delete next to the name.
TurboTax Online
- Click on Federal > Wages & Income [In TT Self-Employed: Personal > Personal Income > I’ll choose what I work on].
- Under S-corps, Partnerships, and Trusts, click on the box next to Schedule K-1.
- On the Tell Us About Your Schedules K-1 screen. Click on the Start/Update box next to the type of entity that issued the K-1 (partnership, S-Corp., or Estate/Trust].
- If you have already entered K-1 information or it transferred from last year, you will see the [Type of Entity] K-1 Summary screen. Click Delete next to the name.
