You may have inadvertently started a K-1 for an S-Corp.
To delete a K-1, you need to delete the
“triggers” that caused it to be activated. You can delete the K-1 in TurboTax Online
by following these steps:
- Click on Federal >
Wages & Income [In TT Self-Employed: Personal >
Personal Income > I’ll choose what I work on].
- Under S-corps,
Partnerships, and Trusts, click on the box next to Schedule K-1.
- On the Tell Us
About Your Schedules K-1 screen. Click on the Start/Update
box next to S-Corporations (Form 1120S).
- You will see the S-Corporation K-1 Summary screen. Click Delete
(trash can icon) next to the name.
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