Business & farm

You have mistakenly marked you received a Schedule K-1 from an S-Corp not a Partnership.  You need to delete the entry you have made and re-enter the Schedule K-1.

To do this in TurboTax CD/Download versions you can follow these steps:

1. Sign in to your TurboTax
2. Open or continue  your return
3. Using the search bar, type K-1 and select the Jump to link in the search results
4. This will take you to the Schedule K-1 and Schedule Q screen
   • Note: If the Jump to link doesn’t work, select Personal, then Personal Income
5. Select I’ll choose what I work on and continue until you reach the screen, Your 2022 Income Summary
6. Select Update next to Schedule K-1 under Business Investment and Estate/Trust Income
7. Answer Yes and click Edit for S corporations (Form 1120S)
8. Click Delete for the S-Corp Schedule K-1 entered in error and Yes to confirm
9. Click Done to return to the Tell us about your Schedules K-1 screen
10. Click Start for Partnerships/LLCs (Form 1065)
11. We’ll ask some questions about your K-1, and then you’ll enter the data from the form

@joeymichaud