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Turbotax Premier is asking for S-Corp name for K-1. I don't have an S-Corp. and can't delete form.

I followed the steps for deleting the K-1 but software still asks for S-Crop name.  Please help!

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3 Replies

Turbotax Premier is asking for S-Corp name for K-1. I don't have an S-Corp. and can't delete form.

Try deleting it this way.  Go to the K-1 interview section here

Federal

Wages and Income

Then scroll way down to Business Items

Schedules K-1, Q - Click the Start or Update button

 

If the first screen says "Do you want to review Schedule K-1?". You have to answer yes and then click Update by  the Schedule K-1 type (LLC, S corp, trust). The next screen is the Summary screen listing all of the K-1 entered for that type of entity.  You can review, edit or delete it there.

 

One user found he had to add a fake name first.....

I figured out that I had to actually start fixing this problem by entering a fake K-1 name to the TurboTax request and then going back to the "Update the Schedule K-1" and deleting the fake K-1 name.  

Turbotax Premier is asking for S-Corp name for K-1. I don't have an S-Corp. and can't delete form.

I tried your suggestion.  After I completed all the steps Turbotax is still asking me to complete the form.  So confusing.

RobertG
Expert Alumni

Turbotax Premier is asking for S-Corp name for K-1. I don't have an S-Corp. and can't delete form.

Here's the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

  1. Open or continue your return in TurboTax.
  2. In the left menu, select Tax Tools and then Tools.
  3. In the pop-up window Tool Center, choose Delete a form.
  4. Select Delete next to the form/schedule/worksheet in the list and follow the instructions.

Tips and tricks

  • Need to remove a business that transferred over from last year? Find out how to properly remove it.
  • To delete a form that came in the mail (for example, W-2, 1098, or 1099) it's best to do it from that form's summary screen. Search for the form number (for example, W-2) and select the Jump to link in the search results to get to the summary screen.
  • You can't delete Form 1040. That would be like yanking the foundation out from under a building. If you want to get rid of the information you've entered, you can clear your return.
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