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April 15, 2023
Question

Why is filing requiring the partnership name from Schedule K-1 when I didn't include it in my tax filing? The information is wrong, as my name is not on the form!

  • April 15, 2023
  • 1 reply
  • 0 views
The actual form is in the name of my mother's trust, but my tax return has my name and SS?

1 reply

AliciaP1
April 15, 2023

If you received a Scheule K-1 from your mother's trust as a beneficiary, you need to enter the K-1 from the correct form (Form 1041) and you will enter the name of the trust paying you in the process.  If you have started to enter this K-1 as a Partnership Schedule K-1 (Form 1065) you will need to delete it and re-enter it under the correct form number.

 

To delete a specific form in TurboTax Online you can follow these steps:

  1. Within your return, click on Tax Tools in the black menu on the left side of the screen.
  2. Click on Tools.
  3. Click on Delete a Form
  4. Scroll down to your form and click Delete.
  5. Under Federal in the black menu bar click Wages & Income to get back into your tax returns.
  6. Proceed entering/reviewing your return.

 

To do this in TurboTax Desktop you can follow these steps:

  1. Within your return, click on the Forms icon in the upper right of the screen to switch to Forms mode.
  2. Scroll down in the menu bar on the left and select your form.
  3. Click the Delete Form button at the bottom left of the preview screen.
  4. Confirm the deletion then click the Step-by-Step icon in the upper right of the screen.
  5. Proceed entering/reviewing your return.
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