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Business & farm
Perhaps a Schedule K-1 was started inadvertently. To remove the K-1, you need to remove the "triggers" in the interview by following these steps:
- Click on Federal Taxes > Wages & Income [In TT Self-Employed: Personal > Personal Income > I'll choose what I work on].
- Under Other Business Situations, click on the box next to Schedules K-1, Q. ,
- Click Yes on the next screen, Schedules K-1 or Q.
- On the Tell Us About Your Schedules K-1 screen, click on the Update box next to any of the entities (Partnership, S-Corp., Estate/Trust). [If there is a Start box, it means that no data has been entered, so you can ignore that category.
- If you see the screen, [Entity Type] K-1 Summary, click Delete next to the K-1 entry to remove it. Click the Yes box to confirm. Then click Done.
- If you see a screen asking information about the entity, click the Back button. No K-1 has been triggered for that entity.
- You'll be taken back to the Tell Us About Your Schedules K-1 screen.
- Follow the same process for the other categories of K-1s.
Once you've removed the triggers, the K-1 form will no longer be part of your return.
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‎June 4, 2019
7:35 PM