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April 12, 2025
Question

How can I delete a 1099 K form and put the information in as a 1041 K-1, where it belongs? Thank you.

  • April 12, 2025
  • 1 reply
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    1 reply

    April 13, 2025

    In TurboTax Online, delete an IRS form 1099-K by selecting the Delete trashcan to the right at the screen Your 1099-K Summary.

     

     

    If you have entered other entries in addition such as IRS form 1099-B entries, those must be removed as well.  Also use the Delete trashcan.

     

    In TurboTax Premium Online, report IRS Schedule K-1 entries by following these directions.

     

    • Down the left side of the screen, click on Federal.
    • Down the left side of the screen, click on Wages & Income.
    • Click the down arrow to the right of S-corps, Partnerships, and Trusts.
    • Click to the right of Schedule K-1.
    • At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
    • For several screens, you will be entering data right off the K-1 form.

     

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