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How do I import a TurboTax data file? (Quicken Deluxe, Premier, or Home & Business)

Updated: 9/19/2009 | Article ID: 5038

  1. Choose File menu > Import > TurboTax.
    If the Tax Planner doesn't have any Quicken data or data you entered manually, it uses this TurboTax information to fill in projections so that it can calculate your projected tax. The Tax Planner also projects this information for the current tax year by applying a preset inflation factor.
  2. Select the TurboTax data file you want to import.
    You can import tax data files with the file extension .TAX. You should import your 2005 TurboTax data file if the current year is 2006, or your 2006 TurboTax data file if the current year is 2007.
  3. Click OK.
    Quicken displays a dialog giving you the name of the TurboTax data file you are about to import, the tax year of the data file, and the taxpayer and spouse names in the TurboTax data file.
  4. Choose the appropriate option:
    • Click Continue if this is the correct TurboTax file.
    • Click Change File if you want to select a different TurboTax file.
  5. If your TurboTax data file contains the filing status Married - Filing Joint, Quicken displays a dialog showing that the taxpayer on federal Form 1040 in TurboTax is the same person as self in Quicken. (You can not switch the names for Self and Spouse in this dialog.) Click OK.
  6. Click OK to close the confirmation message that Quicken displays when the TurboTax import is complete.
  7. After importing the TurboTax information, view the TurboTax source information in the Tax Planner and update it where necessary.

    State estimated tax paid for the current tax year is not imported. The Tax Planner displays data for this only if you have entered the tax-related transactions in Quicken or if you manually enter this data.

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