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June 5, 2019
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How do I get rid of S Corp Form 1120 S for 2018? I sold the investment in 2017 and don't have anything to report in 2018. I have an Error on my 2018 Return.

  • June 5, 2019
  • 1 reply
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My 2017 K-1  S Corp Form 1120 S was a 'Final K-1' and I didn't show it as such on my 2017 return, so, of course, the form appears from my 2018 TurboTax download.  TurboTax still thinks I own this investment. How can I keep this form from appearing on my 2018 and future TurboTax downloads?  I have an Error on my Fed return.

Best answer by JulieR

To delete a form (K-1) in TurboTax Premier (Windows) switch to the Forms view (Ctrl+2).  Click "Open Form" in the left-hand navigation, then type "K-1" in the search box and double click on the form.  When the form populates, click "Delete Form" at the bottom of the page.  

Please comment if you need additional help with this.

1 reply

JulieRAnswer
June 5, 2019

To delete a form (K-1) in TurboTax Premier (Windows) switch to the Forms view (Ctrl+2).  Click "Open Form" in the left-hand navigation, then type "K-1" in the search box and double click on the form.  When the form populates, click "Delete Form" at the bottom of the page.  

Please comment if you need additional help with this.

September 11, 2022

Received letter  to file year end 2018.

to file 1120-S

Critter-3
September 11, 2022

If you did not file a final 1120S in 2017 then the IRS believes the business was still open ... so file a final 2018 return as requested.