Have a Tax Question? Ask a Tax Expert
I keep getting asked to enter information about K1 , both corporations name and ID number. We have no K1 returns, hence I can't answer that. Upon trying to clean this up, we now have 4 K1's we have to answer. How do we eliminate or delete turbo tax's question about K1's? This is all that remains from being able to file. Thanks for your help, Herb [email protected]
Hello and thank you for using Just Answer,TurboTax advises that you must delete a K1 under the summary view or your info could have "ghost forms".They suggest you navigate to Your 2012 Income Summary, scroll down to Business Items - Schedules K-1, then selecting the Update button and following the prompts.
They don't recommend removing a form manually unless specifically instructed to do so, or you fully understand where the data comes from and how that form relates to other forms and schedules in your return.
I hope this is helpful as I took the steps directly form the TurboTax site.