When I started the desktop Home and Business 2022 return, I imported last year's information from the online file. When I start the questionnaire for business income and expenses, it shows me a list of "the income you reported in last year's return" and under Interest & Dividends lists the a half dozen 1099-INTs and 1099-DIVs from my assorted investment accounts. I plan to import all the forms from the banks websites as I do each year, but I have found in previous years when I answer this question "yes" I end up with some blank duplicate forms for some of my accounts. I think it makes a blank form for me to enter the information from my paper form, but doesn't substitute in the imported form for that account from the bank website, so I have to eventually delete the form to submit the taxes. Should I answer this question "no" to avoid generating the blank forms, with the assumption that everything will be correctly imported when I pull the data from the bank websites? My concern is that I don't know if TT embeds any data from previous years' returns in these forms- ie, some carryover calculations that might be lost if I don't answer "yes" to this question and the program doesn't pull through the forms from the previous year. So should I answer yes, or no?
the blank forms are already there from the transfer process when you start the return. why Turbotax messes up and in some cases creates a duplicate form for the current year's data is unknown to me. I have the same problem. I use desktop while you are probably using online so the issue exists across the various versions. hey MODS
capital loss and FTC c/o's are on different forms and there really isn't any carryforward info other than the payee info for 1099-DIV, INT and B
Hi Mike-
Thanks for the reply. No, I use the desktop version (I'm not really a fan of the online version, in part because I can't look at the forms directly). So it seems they should reword the questionnaire to ask if I am going to manually enter any forms from the accounts I reported on last year's return (prompting the program to generate blanks for me to fill in), or whether I plan to import the forms from the bank again (so that the program knows NOT to generate duplicate forms). So currently, if I plan to import forms directly from the banks I should answer "no" to the initial query about whether interest and dividends from last year still apply. I just want to make sure that I don't accidentally lose important information from the prior year's return- it would be helpfully clarifying if they just add a parenthetical telling us it's ok to say no if we plan to import the forms directly from the bank rather than manually entering the forms.