You cant open the K-1 worksheet and Delete it?

It's a problem that seems to be popping up more and more this tax season.  For the one I had, I left the former shareholder's K-1 in the software with zero percent ownership.  If you catch it early you could make a copy of the prior year return, delete the former shareholders, adjust the percentage of current shareholders and re-transfer the return.  But that is a lot of extra work if you have the current year return basically done already.

@IntuitGabi  since there have been a number of posts about this issue this year, is this on anybody's radar at ProSeries?

@Just-Lisa-Now-  - no, you can't.  The issue has been around for at least a couple of years but seems to be a lot more common this year.

We'll do some research on this. Thanks @IRonMaN @Just-Lisa-Now- @kbear70 

Thank you  I have the same issue

In the meantime, @kbear70 @pweymouth13 have you tried permanently deleting the partner/shareholder from your return? Scroll to the bottom of this help article to the section Deleting or removing a Schedule K-1 Worksheet from a 1065 or 1120S return. 

Yes I have tried this with no success.

ProSeries was able to guide me through removing the Schedule K-1 for the former shareholders. I had removed the shareholder information in the K-1 worksheet but it was still showing errors because the K-1 was not able to be deleted.  My shareholder count was still at 2 etc. They had me go to the k-1 worksheet of the nonexistent shareholder, click on “quickzoom” to the Sched K-1. This brought up an untitled K-1, right click in the middle of the panel containing the check boxes for Final & amended K-1 (under the tax year information). A drop down box appeared and the top choice was “remove K-1 Untitled”. All info associated with this K-1 was deleted and I was able to e-file the extension and will be able to e-file the return without entering shareholder info with 0 ownership.

As we investigate this, the workaround at this time is remove the whole K1 worksheet and rekey the partners. 

Followed those steps but did not work for me.  Still ended up with errors on K-1 worksheet.  Will file with the former shareholders showing 0 ownership interest and 0 shares.

Let us know if this helps @pweymouth13 

Steps to delete K-1 Worksheet
1. Click on Sch K-1 Wks on the forms bar on the left
2. Click Forms menu button
3. Click "Remove Sch K-1 Wks"
3. Click Yes

That doesn't work.  I tried e-filing an extension and I get an error message that "the schedule K-1 worksheet address is invalid.  The entry must begin with either a letter or a number".  When I checked on the K-1 I found it is a case of another phantom K-1 issue causing the error.  I deleted the K-1 worksheet and just as quick as it is gone the phantom returns.  I am having a priest stop by later to see if an exorcism does any good.  This is unbelievable nonsense just to file an extension.

No did not work

@pweymouth13 @IRonMaN 

Update to remove errors: 

1. To remove the errors, instead of removing the entries on the Sch K-1 Wks, go to the forms menu, select Schedule K-1. The window that pops up will list "untitled" for all of the prior year K-1s. 


2. Open each "untitled" Schedule K-1




3. Select to remove that form.  When all "untitled" Schedule K-1s are removed the errors requiring an entry on the Sch K-1 Wks will be gone, however, there may still be an error for the percentage of ownership not totaling 100%".



Let us know if this works for you. 

@IntuitGabi - that worked for the return that I had issues filing an extension for yesterday and that return did not have any data in it yet.  I tried that on the return that I had e-filed a week or two ago that I had left the former shareholder as zero and when I attempted to fix it with the suggested fix, it still left the phantom of the opera lurking in the return.

Removing the Untitled K-1 worksheet does not work.  What is another way to get the k-1s to be correct to the owners that carried from prior year?  In 2022, one shareholder was a final K-1, but he system is still looking for an additional owner???

Exact same issue last year and same this year.  I was able to file an extension surprisingly but I am now ready to file the return and have 12 errors for the 2 shareholders who were bought out last year.  I've tried all the recommendations and none have worked.  Am I going to have to re-enter the return?

FINALLY!!  Yes, this worked.  Thank you.

 I think the key is to remove the phantom k-1's from the list not the K-1 wks as originally suggested.