Your prior year info can be transferred to the 2020 program when it becomes operational sometime in December ...
You can transfer last year's tax data file (.tax2019) if you're preparing your 2020 return online in TurboTax Live Basic, TurboTax Deluxe, TurboTax Live Deluxe, TurboTax Premier, TurboTax Live Premier, TurboTax Self-Employed, or TurboTax Live Self-Employed. (Free Edition, with or without PLUS, doesn't support transferring last year's .tax file.)
- You won't be able to transfer a PDF, it must be a .tax file.
Note: If you already started your 2020 return in TurboTax Online, transferring will clear any info you have already entered. Please keep in mind, a .tax file from a previous year will not transfer if the file is password protected.
Here's how to transfer:
You have to use TurboTax Online on your computer to do this transfer (it won’t work from a mobile device/mobile web, or in the mobile app).
- Sign in to TurboTax Online and start a new return, or continue a return you already started by selecting the Take me to my return button.
- After the screen has loaded, select the TaxTools drop-down menu in the left-hand column, and then select Tools.
- In the pop-up window, select the Transfer last year's TurboTax return from your computer link. (If you don’t see this option, you may need to Clear & Start Over.)
Follow the on-screen instructions to finish transferring your file.
NOW remember to save your prior year returns both as a PDF with and without the worksheets AND as a .taxfile (which you will need next year) for your records. Open and save every tax year you have on the old computer and copy them to a removable storage unit like a thumb drive for safekeeping.
