Community Homepage
Discussions
Categories
Quicken for Mac
Quicken Lifehub
Quicken Mobile
Quicken on the Web
Quicken for Windows
Support
Quicken Classic
Quicken Simplifi
Getting Started
Community Training FAQs
Using and Improving the Community
Connect and Engage
Announcements & Alerts
Announcements
Alerts, Online Banking & Known Product Issues
Product Ideas
Beta
Home
Quicken Classic for Mac
Reports (Mac)
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?
Find more posts tagged with
Quicken Mac
Accepted answers
All comments
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]
Quick Links
All Categories
Recent Posts
Activity
Unanswered
Best Of
