You can use Quicken to simplify the preparation of your federal income tax return. For this, you just need to assign Tax Line items to your Quicken categories and categorize your transactions throughout the year. Quicken will maintain the tax reports you need.
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- In Quicken, choose Window > Categories. The Categories window is displayed.
- Click the Edit icon.
- Select the category to which you want to assign a Tax Line item.
- Select the Tax related checkbox. A list of all tax schedules and forms is displayed below.
- Select the desired item to view the detailed description.
- Select the Tax Form/Schedule and Tax Line you want to assign to the category.
- Click Save. Quicken uses this information to create a Tax Schedule report and for export to TurboTax or any other tax software.
