Business & farm
In TurboTax Online, delete an IRS form 1099-K by selecting the Delete trashcan to the right at the screen Your 1099-K Summary.
If you have entered other entries in addition such as IRS form 1099-B entries, those must be removed as well. Also use the Delete trashcan.
In TurboTax Premium Online, report IRS Schedule K-1 entries by following these directions.
- Down the left side of the screen, click on Federal.
- Down the left side of the screen, click on Wages & Income.
- Click the down arrow to the right of S-corps, Partnerships, and Trusts.
- Click to the right of Schedule K-1.
- At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
- For several screens, you will be entering data right off the K-1 form.
