Investors & landlords

Review your K-1 Box 20 to make sure you only select the boxes for the lines you have amounts entered. Uncheck any boxes that have no value.

To review your entries from your this K-1, open your return and click the Forms icon in the TurboTax header.

1. Look for K-1 Partner in the left column. Click the form name to open it in the large window.
2. Scroll down to Line 20 to confirm your entries for this box.
3. Section A below Line 21 provides input lines for the Statement A information. Complete this section to allow the info to flow to the partners'' K-1s.
4. To review this flow-through to K-1s, look for Statement A under Schedule K-1 (Partner Name). You should see a column on this form for the flow-through LLC's K-1 with the allocation for this partner.

If you are still unable to fix the filing error, delete the K-1 and reenter it again.

If you delete just Schedule K-1, it will regenerate if the associated worksheets are still in the return.

The proper way to delete an unwanted K-1 is from the K-1 Summary screen, which also removes the associated worksheets.

1. Open or continue your return in TurboTax, if you haven't already.
2. Using the search feature in the upper right, search for K-1 and select the Jump to link in the search results.
3. Answer Yes to Did you receive any Schedules K-1 or Q? Select this even if the correct answer is no.
4. Select Update next to the type of K-1 you initially entered (partnership/LLC, S corp, or estate/trust).
5. On the K-1 Summary screen, select Delete next to the K-1 you want to remove. Answer Yes on the following screen.
6. Select Done.

See the links below:

K-1 Box 

How to Delete K-1