Business & farm

You can delete the K-1 by following these steps:

TurboTax Online

1. Click on Federal > Income & Expenses
2. Under S-corps, Partnerships, and Trusts click on the Start/Revisit box next to Schedule K-1.
3. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the appropriate entity type (Partnership, SCorp., Estate/Trust). 
4. You will see the K-1 Summary screen.  Click Delete next to the K-1.

TurboTax CD/Download

1. Click Federal taxes > Wages & Income
2. Under Business Investment and Estate/Trust Income click the Start/Update box next to Schedules K-1/Q.
3. Click Yes on the next screen, Schedules K-1 or Q. 
4. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the appropriate entity type (Partnership, SCorp., Estate/Trust). 
5. You will see the K-1 Summary screen.  Click  Delete next to the K-1.