Transferring tax-related data from Quicken to TurboTax is fairly automated, as the steps show you below. If you are not using TurboTax to complete your income tax return, you can import Quicken tax data to other income tax preparation software by following the steps to import Quicken data into tax software other than TurboTax.
The Tax Schedule Report does not export data for Schedule D - Capital Gains and Losses. You must create a Capital Gains Report and export the data to a separate file for Schedule D.
Using TurboTax the First Time This Year
- Install TurboTax on your computer or set up an account at TurboTax Online and log in.
- Go through the set up, and TurboTax will ask if you would like to import your Quicken data. Tell TurboTax to go ahead and import the data.
- If you have more than one Quicken data file, you will need to know which data file you want to import data from. If you have multiple data files and need to find them, read How Do I Find My Quicken Data File?. Many people only have one Quicken data file, which was set up when they first started using Quicken.
Already Started Your Tax Return in TurboTax
If you already started your tax return and did not transfer data from Quicken but now you want to, you can still import your Quicken data:- In TurboTax, click on File, Import, from Accounting Software, Quicken.
- Click on Continue at the bottom of the screen.
- You will be prompted to open Quicken and open the Quicken data file you want to import.
- Click Import Now.
- You will see a preview of the data to be imported.
- If the data looks correct, click on Finish Import and you are finished importing Quicken data into TurboTax.
- If any numbers do not look correct, click on Cancel Import, then run a Quicken Tax Schedule Report to find and repair incorrectly assigned tax categories.
