You can use Quicken to simplify
...
preparing your federal income tax return.
...
To do this,
...
assign Tax Line items to your
...
...
and
...
...
throughout the year. Quicken will
...
generate the necessary tax reports for you
...
.
...
Track your tax-related transactions
Many categories in Quicken are linked to Tax Line items . These line items come from based on the latest Federal Tax code. Categories associated with the These Tax Line item are used to items help populate the Tax Summary report ( and are used when exporting you your tax report data to TurboTax).
For example, if you're using the Quicken category transactions assigned to the Gifts & Donations: Charity, all the transactions with this category are tracked and automatically mapped to federal form Schedule A: Cash charity contributions on your federal tax return.
In addition to the pre-defined tax-related categories that come pre-populated in Quicken, you can assign a specific , Federal Tax Line item to any category or subcategory--, including any custom categories you have createdcreate.
...
Assign Tax Line items to categories
To Follow these steps to assign Tax Line items to categories:
In Quicken, choose
...
Window
...
menu→ Categories to open the Categories window.
Select the category
...
you want to
...
modify.
Click the
...
Edit
...
icon.
...
Turn on the Tax-Related switch.
Select the
...
appropriate Tax Schedule/Form you will use.
Choose a Tax Line option.
Click Save.
Quicken will use this information to generate the Tax Schedule report and export data to TurboTax or other tax software.