Importing into TurboTax
Save time and reduce entry errors by importing information from financial software, such as Quicken or QuickBooks, or from brokerage firms and payroll providers that have partnered with TurboTax to provide data import to their clients.
What can or cannot be imported?
- You can import Quicken 2011, 2012, and 2013 data directly into TurboTax CD/Download software for Windows.
- To import from Quicken 2010 or earlier, or to import into TurboTax CD/Download software for Mac, you must first convert the data to a tax exchange format (.txf) file.
- TurboTax Online, TurboTax Business, and TurboTax for iPad do not support Quicken import.
- TurboTax Business 2012 only imports from CD/Download versions of QuickBooks 2007–2013.
- TurboTax Business will not import from QuickBooks Online.
- QuickBooks data can be imported into CD/Download software versions of TurboTax Basic, Deluxe, Premier, and Home & Business for Windows, as well as TurboTax Business.
- QuickBooks data cannot be imported into TurboTax Online, TurboTax CD/Download software for Mac, or TurboTax for iPad.
Tax Exchange Format (.txf) files
- TurboTax CD/Download software (except TurboTax Business) can import from any program that creates .txf files, such as Quicken or Quicken Rental Property Manager.
- You can import from multiple Quicken, QuickBooks, and/or .txf files. If existing data conflicts with the data you're trying to import, you have the option to either skip the import or replace the existing data.
- .txf files cannot be imported into TurboTax Online or TurboTax Business.
- Data cannot be imported into Form 1041 (Estate and Trust) returns.
- TurboTax Online and TurboTax for Windows software can import files tax-related forms (such as 1099-B and 1099-INT) from your Mint account.
- TurboTax for Mac software does not support Mint import.
- Only forms that Mint can access can be imported. If you're unable to import from a particular bank or financial institution, you might be able to import directly from the bank or financial institution.
ItsDeductible Online 2012 data will import into all TurboTax Deluxe, Premier, and Home & Business versions.
TurboTax for iPad
TurboTax for iPad supports importing your W-2s, stock sales, and other financial information from financial institutions.
W-2s, stock sales, and other financial information
You can import from financial institutions, such as your payroll provider or brokerage firm, if they are a TurboTax Import Partner.
TurboTax can import these forms from participating financial institutions:
- W-2 (Wages and Tax Statement)
- 1098 (Mortgage Interest Statement)
- 1099-B (Proceeds from Broker and Barter Exchange)
- 1099-DIV (Dividend Income)
- 1099-INT (Interest Income)
- 1099-MISC (Miscellaneous Income)
- 1099-OID (Original Issue Discount)
- 1099-R (Retirement Plan Distributions)
Here's what cannot be imported:
- Data from non-participating employers or financial institutions.
- Prior-year data from participating employers and financial institutions.
- Employee Stock Purchase Plan (ESPP) information.
In addition, you should be aware that:
- TurboTax Online Free Edition and TurboTax Business do not support data import.
- Most employers and financial institutions won't have data ready for import until February.
- There is a limit to the number of transactions you can import from your broker. More info
How do I import?
Can I update or delete imported info?
You can, but then the information in your tax return may no longer match the original data source. This may cause confusion down the road, for example if you are audited and have to recall why the information you entered differs from the original.
Instead of changing imported information, it's usually better to update the information in your financial program before importing.
If you've already imported, you can re-import the information after you've updated it in your financial program (be sure to select the replace option when prompted).