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March 31, 2020
Question

Should I file my 2019 taxes on here before I file my 2018 taxes?

  • March 31, 2020
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March 31, 2020

It is usually best to file your 2018 taxes before you file your 2019 taxes.  There may be information from your 2018 taxes that carries over to your 2019 taxes.

 

You will need to purchase the Desktop Version of TurboTax for 2018 to prepare your 2018 tax return.  Once you have completed your return, you will need to print, sign, date and mail the return according to the instructions that print out with the return.

 

You can transfer last year's tax data file (with a filename extension .tax2018) if you're preparing your 2019 return online in TurboTax Live Basic, TurboTax Deluxe, TurboTax Live Deluxe, TurboTax Premier, TurboTax Live Premier, TurboTax Self-Employed, or TurboTax Live Self-Employed. (Free Edition, with or without MAX, doesn't support transferring last year's .tax file.)

  • You won't be able to transfer a PDF, it must be a tax data file with a filename extension .tax2018.
  • Remove any password protection from the data file before transferring.

Note: If you already started your 2019 return in TurboTax Online, transferring will clear any info you have already entered. Please keep in mind, a .tax file from a previous year won't transfer if the file is password protected.

Here's how to transfer:

You have to use TurboTax Online on your computer to do this transfer (it won't work from a mobile device/mobile web, or in the mobile app).

  1. Sign in to TurboTax Online and start a new return, or open or continue a return you already started.
  2. After the screen has loaded, select the Tax Tools drop-down menu in the left menu and then select Tools.
  3. In the pop-up window, select the Transfer last year's TurboTax return from your computer link. (If you don’t see this option, you may need to clear and start over.)

Follow the instructions to finish transferring your file.

 

Now you can complete your 2019 tax return.

 

@djdawgs1

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