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Level 2
posted Mar 20, 2022 2:40:53 PM

Are expense entries via Quickbooks Self Employed itemized once imported in Turbotax?

 

Will expenses from one category such as Software & Apps $3,000 all be entered on one line? 

Or will it be itemized for each entry that you marked as an expense in the Software & Apps category like 

Google Ads  $500 

Misc Ads  $600 

etc... 

 

2. Have you found it easier to use the import tool or just enter expenses in manually? 

3. Does it override expenses I've already entered?

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1 Replies
Expert Alumni
Mar 21, 2022 5:17:23 AM

When importing information from Quickbooks, TurboTax attempts to map your expense accounts (not individual entries) to corresponding tax categories. It's helpful if you have indicated in the account setup which tax category should be used before you attempt to import. Otherwise, you will need to review all the imported information to be sure your expenses are reported in the correct tax categories.

 

The imported information is added to the entries you've already made, so be sure you don't duplicate expenses.

 

If you have a limited number of expense accounts, you may find it easier and faster to simply enter the totals into TurboTax. Run a Trial Balance report in Quickbooks to assist in this process.