Quicken Tax Category for Estimated Tax Payments Does Not Map to TurboTax

jdpuglisi

Just imported my tax report from Quicken into TurboTax as a TXF. Noticed my Federal estimated tax payments (properly assigned a tax category in Quicken), did not map to the proper tax payment fields in TurboTax 2020. Would have been a nasty surprise if I didn't double check. Everything else mapped properly. Not sure if this is a TurboTax or Quicken issue.

Is this just my install?

jacobs

"Properly assigned to a tax category" may or may not be correct. What category did you use for your estimated tax payments?

Quicken has a default category called Taxes:Federal Tax, but when you open it, it shows it maps to W-2 Withholding (federal employee withholding tax).

If you created your own Category for estimated tax payments, it should be mapped to "Form 1040 > Federal estimated tax, qrtrly".

Do you have your estimated tax payments going to such a category, and it imported in the wrong place, or is your category/mapping in Quicken not right?

jdpuglisi

It's is mapped to Form 1040 > Federal estimated tax, qtrly. I think the problem is on the TurboTax end because the raw txf file has the entry.

Rocket J Squirrel

I just tried a direct import (as opposed to TXF file) from Quicken into TurboTax and it messed up my estimated tax payments also. I got some weird confirmation prompts and when it was done, only 1 of my estimated tax payments appeared in the tax return. I would say TT has a bug here. Time to visit TurboTax Community and let them know.

This may be due to the estimated tax deadlines being changed for 2020 due to COVID.

jdpuglisi

@Rocket J Squirrel said:
>I just tried a direct import (as opposed to TXF file) from Quicken into TurboTax and it messed up my estimated tax payments also. I got some weird confirmation prompts and when it was done, only 1 of my estimated tax payments appeared in the tax return. I would say TT has a bug here. Time to visit TurboTax Community and let them know.This may be due to the estimated tax deadlines being changed for 2020 due to COVID.

Done. [removed self-referencing link]