When I first open TurboTax, it lists my return from last year, and has a blue button next to it saying "Transfer Return". There is no explanation of what this means. What does it mean? What does it do? How can I tell if I'm supposed to click this button or not?
It transfers information from your prior year return. It would, for example, show W-2s received last year but not he amounts because you need to update those. It would transfer all your personal information, which you should verify is still correct. It basically just saves you some typing. It's not a requirement, but you can only do it when you're first starting the new return.
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