Looking For Federal and NY State/City Income Tax Prep and Printing Recommendation

Question

Quicken Classic Business & Personal

Version R59.10, Build 27.1.59.10

Windows 10 Enterprise

Looking for recommendations for 2024 Federal and NY State/City income tax prep and printing for a small S-Corp and personal returns.  Preferably, but not required, with an interface to Quicken.

Any recommendations would be appreciated.

(Reports was the closest category I could find.)

Boatnmaniac · Answer

H&R Block says their tax software can import data from Quicken, as well, but I have not tried doing that with their software.

Personally, though, I have encountered issues when I tried to import Quicken data into TurboTax, especially with regard to investments, because the data in Quicken is not always complete and it's capital gains/losses calculations will be inaccurate if the cost basis of shares sold is not 100% accurate.  I am pretty sure that these issues would apply to any tax software, not just to TurboTax.

I've used both TurboTax and H&R Block the last 10 yrs or so.  They both work pretty well.  I usually decide which software to use in the Nov/Dec time frame when the best promo prices are offered.

Because of these issues I, too, prefer to use Quicken's tax reports and the various tax forms I receive to manually enter the data into whichever software I end up using each year.  It seems to be faster to do it this way than to import from Quicken and then spend a lot of time fixing the investments data issues that I find.

Jim_Harman · Answer

For the personal returns, TurboTax Deluxe or Premier with the New York State option should work. For the S Corp you would also need TT Business.

Quicken can export personal data to TurboTax, but its data, even if 100% accurate, is incomplete. I prefer to use Quicken's Tax reports and the 1099 and W2 forms I receive and enter the data manually into TurboTax.

saberman · Answer

>why ask here????

Because I am familiar with Quicken and would like something that accepts data from it.