I've used TurboTax Premium for about 4 year now. Are there pros/cons to importing the previous year's return rather than starting fresh? As far as I can see, the only useful bits of data TT can get from the previous year's return are things like personal info (name, address, dependents, etc.) and the previous year's AGI. The disadvantage is that it also pulls some data like the stuff we imported from financial institutions (1099-INT, 1099-DIV, etc.) but it only imports the line items and not the actual amounts reported in the previous year. This causes the previous year's line items to get a bit mixed up with the current year's line items (after we import the current year's data). So, I feel that, on the whole, it's better to start with a clean slate even if it means you have to type some basic info all over again. Any thoughts/opinions?
