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Can I use my Turbo Tax 2016 to do my 2017 taxes? (2) If "yes", how do I get a 2017 update? (3) If NOT, then how can I export my 2016 personal data to use in 2017?
Used T/Tax 2016 for 2 personal income tax returns, including non-business and non-rental income sources, plus income from sale of securities and cap gains.
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Can I use my Turbo Tax 2016 to do my 2017 taxes? (2) If "yes", how do I get a 2017 update? (3) If NOT, then how can I export my 2016 personal data to use in 2017?
No you cannot complete a tax year 2017 return using the TurboTax 2016 software. Each tax year is a separate TurboTax program.
You will need to purchase a CD or Download of the 2017 TurboTax desktop editions from this website - https://turbotax.intuit.com/personal-taxes/cd-download/
When the 2017 TurboTax program is started it automatically searches for prior year (2016) tax data files to import into the 2017 tax return when you start a New Tax Return. You should have the 2016 tax data file on the same computer as the installed 2017 program. The 2016 tax data file has a file extension of .tax2016 and is normally stored in Documents and in the TurboTax folder.
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