You can use Quicken to simplify preparing your federal income tax return. To do this, assign Tax Line items to your categories and categorize your transactions 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 based on the latest Federal Tax code. These Tax Line items help populate the Tax Summary report and are used when exporting your tax data to TurboTax.
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In addition to pre-defined tax-related categories, you can assign a specific Federal Tax Line item to any category or subcategory, including custom categories you create.
Assign Tax Line items
Follow these steps to assign Tax Line items to categories:
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