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I did not receive a k1 for the past few years yet there is an allowed loss on my return. How do I eliminate theis k1 information?
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June 1, 2019
4:29 PM
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Business & farm
You can delete the K-1 by also eliminating the triggers for the form. To do this please follow 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 Update 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 Start/Update box next to the type of K-1 you wish to delete (partnership, S-Corp, Trust/Estate).
- On the [Entity Type] Summary, click Delete next to the K-1 entered.
- Confirm the deletion on the next screen.
- You will be brought back to the K-1 Summary screen, click the Done box.
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June 1, 2019
4:29 PM