Importing Business Information from Quicken

Forum|Forum|5 years ago
April 18, 2021
1 reply
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I'm using TurboTax Home & Business to do my income taxes for 2020. I work for a state department, which is my primary income. However, I've got a small side gig for extra income.

I'm at the point in the Business Income and Expenses section, where it's asked me if TurboTax could import my information from Quicken for 2020. I do track my income/expenses in Quicken, but I'm wondering does this import process only import data for 2020? Or does it grab everything related to my business account in Quicken?

TurboTax Home & Biz Windows

Best answer by VolvoGirl

It will only be for the current year. You can import from Quicken (the newest 3 versions) directly into TurboTax Desktop (CD or Download) software for Windows. How to import Quicken to Turbo Tax

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-from-quicken-into-turbotax-cd-download-basic-deluxe-premier-or-home-business-for/00/26389

What I would do is first make a copy of your file and give it another name to try it in. Go up to File-Save As. Then if you don't like the results you can go back to your original file. Or just start a new return to try it in, go to File-New.

VolvoGirlAnswer

Employee

It will only be for the current year. You can import from Quicken (the newest 3 versions) directly into TurboTax Desktop (CD or Download) software for Windows. How to import Quicken to Turbo Tax

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-from-quicken-into-turbotax-cd-download-basic-deluxe-premier-or-home-business-for/00/26389

DoctorWhoAuthor

Employee

VolvoGirl, thank you for your answer. I've got a follow-up question. When I import it do I specify which account? I've got more than one account in Quicken, so I don't want to pull in data from all them. Only the pertinent one. Is that possible?