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How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

 
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7 Replies
DianeC958
Expert Alumni

How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

Here is a link to a Tax Calculator and Refund Estimate

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How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

Thanks @DianeC958. That takes me to the 2019 calculator. I would like to calculate 2020 and determine if I need estimates. Is there a way to log into my 2019 return and set up 2020 estimates if I need them?

AkinaLO
Intuit Alumni

How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

Please refer to the article below for information about 2020 Estimated Taxes.

Can TurboTax calculate next year's federal estimated taxes?

@razel718

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TEmrick
New Member

How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

I would like to import my 2019 tax return into TurboTax 2019 and then enter my YTD 2020 income and deductions  to do an estimate of my tax situation for 2020.  Is that possible?

How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

Depends ... if you used the ONLINE program then NO.

 

If you used the DOWNLOADED program :

 

This is my mini version of  a tutorial  that should be in the downloaded program: 

 

Always remember to shut off the auto update function once you have filed your returns and do not do any updates unless you have safeguarded the PDF & .taxfiles to a removable storage unit for safekeeping.

 

 

What is Forms Mode?

Forms Mode lets you view and make changes to your tax forms "behind the scenes."

If you're adventurous, you can even prepare your return in Forms Mode, but we don't recommend it. You may miss obscure credits and deductions you qualify for, and you may forget to report things that will come back and haunt you later.

Forms Mode is exclusively available in the TurboTax CD/Download software. It is not available in TurboTax Online.

                  

Related Information:

                             

If you want to play around with different figures and tax scenarios without affecting your original return you can ….

  • >>>In the TurboTax CD/Download software by creating a test copy
  • 1.  Open your return in TurboTax. 
  • 2.  From the File menu, choose Save As. 
  • 3.  Give the copy a new name to distinguish it from the original (for example, by adding "Test" or "Example" to the file name). 
  • 4. Click  Save. You are now safely working in the test copy and anything you do here will not affect the original. 
  •  https://ttlc.intuit.com/questions/1900642-how-to-make-a-test-copy-of-your-return

           

  • >>  use the WHAT IF tool: 
  • - Click Forms Icon (upper right of screen) or Ctrl 2 (forms view) 
  • - Click on the Open Form Icon 
  • - In the “Type a form name.” area type What-If (with the dash), click on the name of the worksheet - click on Open Form 
  • - You will see the worksheet on the right side of the screen; enter the information right into the form 
  • - To get back to interview mode - click on the Step-by-Step Icon (upper right of screen) or Ctrl 1

 

 

It's always a good idea to make a backup copy of your tax data file, in case your original gets lost or corrupted. Here's how:

  1. From the File menu in the upper-left corner of TurboTax, choose Save As (Windows) or Save (Mac).
  2. Browse to where you want to save your backup.
    • Tip: If you're saving to a portable device, save it to your computer first to prevent data corruption. Then, after completing Step 4, copy or move the backup file to your device.
  3. In the File name field, enter a name that will distinguish it from the original tax file (for example, add "Backup" or "Copy" to the file name)
  4. Click Save and then close TurboTax.
  5. Restart TurboTax and open the backup copy to make sure it's not corrupted. If you get an error, delete the backup and repeat these steps.

If you make changes to your original tax return file, repeat these steps to ensure your original and backup copies are in-synch.

Related Information:                             

 

AND save it as a PDF so you have access to a copy even if you don’t have the program still installed and operational :

AND protect the files :

Jumbo3388
New Member

How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

When I file my 2020 return I doi not want data from 2019 used.

SForrestLO
Intuit Alumni

How do I use turbotax to estimate my 2020 taxes if I have already filed my 2019 return using turbotax and my income will be different in 2020?

@Jumbo3388

 

When you begin your return, general information will transfer over. You will be able to edit the information as needed. 

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