If you delete just the Schedule K-1, it will regenerate if associated worksheets are still in the return.
To delete all unwanted Schedule K-1's in Windows CD/Desktop:
To delete a Schedule K-1 (including associated worksheets and schedules):
1. Switch to the Forms Mode: click "Forms" (top left corner).
2. Select the Schedule K-1 you want to delete.
3. Scroll down to the bottom of the K-1 and select "Delete" (on the bottom of your screen).
How do I switch to Forms Mode in the TurboTax for Windows software?
