My desktop pc contains several years of business tax data on Windows XP. I have a new laptop which is Windows 8.1. If I copy on a flash drive or CD all of the tax files from my desktop and move them to my laptop in the turbo tax folder, will the new download Business tax for 2016 recognize the old tax data from previous years and incorporate data into the 2016 business tax.
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See this TurboTax support FAQ concerning moving tax files to a new computer - https://ttlc.intuit.com/questions/1901474-how-do-i-move-my-tax-data-file-to-another-computer
You
can't transfer the programs (unless you clone your old hard drive). They have to be installed from the CD
or Download. You don't need to install the prior year programs
unless you need to amend that year. Before you move your tax return
files make sure you have saved each year as a PDF file. So you may
want to open each year and do that. FILE - SAVE TO PDF
What I would do is just copy the whole Turbo
Tax folder that is under your Documents. That should be where the
.tax files and PDF files are stored. Then copy that folder to a
flash drive or best yet is to burn it to a CD or DVD and then you will have a
backup of them. Then on the new computer copy the folder (or
files) from the flash drive to your Documents folder. Those can always be at least read by
any system, even if they can't be used directly by the program.
Especially....if you are upgrading to Windows 10....there is no guarantee that any of the 2014...or prior year tax programs will run at all on W-10. That has yet to be determined...
Save the PDF for each year twice.
1) Once as the tax return for filing (this contains just the filing tax forms)
2) Again as the tax return, but with ALL the forms and worksheets (this contains all of your worksheets and shows all of your entries on some form or another).
The selection of the bare tax return, or the extended tax return with everything is made during the Save-to-PDF process.
And back those PDFs up to a backup USB or CD....every year we get tons of folks begging for access to a tax return on a crashed disk....TTX doesn't have it...only you do when you use the desktop software.
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