If our corporation in Louisiana files as a C corporation, we do not require a K1 - but turbo tax is attaching. What can I do?

Forum|Forum|3 years ago
April 10, 2023
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TurboTax Online

MinhT1

C-corporations pay income taxes themselves. They are not pass-through entities and do not issue schedules K-1.

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gggras11Author

I know that - but why did Turbo tax include one in my return. Another note, from last years - I spoke to one of your tax folks. They said Louisiana just says "S" Corporation (which would file a K1) - but filing would be the same for a "C" Corporation which our firm is. I have my return - purchased from Amazon - I can forward. I need to correct this K1 situation and eliminate it.

RobertB4444

The system may be carrying a K1 over from a prior year. You can go to the investment section of 'Wages and Income' on your federal return and click 'start' or 'edit' next to the form K-1 input section. Find the K-1 that is in there and click the little trashcan next to it and it will remove the K-1 from your tax return.

@gggras11

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