Business & farm


@Eusebio wrote:

why wont TurboTax business  trans last info


With little information to go on, I'll assume you are using the 2020 dedicated Business Edition (S-corp, C-corp, partnership, multimember LLC, etc.) as opposed to a personal tax product.     You didn't provide any description of your issue.  What and where is the roadblock, and is there any error message?

 

Do you have the *.tax2019 Business edition data file from last year's Business  return on your computer?   If so, when you start a new return in the Business Edition it should search for the *.tax2019 data file, and if it finds it, it should ask you if you want to transfer it into 2020.  If it doesn't find it, you can use the Browse feature to point it to the file.  But be sure it (or you) is not trying to transfer from a personal tax data file.  See the note below:

 

NOTE:  A 2019 Business Edition data file ends in *.tax2019, but a 2029 personal tax data file also ends in *.tax2019.   So be sure that you are not trying to transfer a personal tax data file by mistake into your 2020 business return.