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Olatunji
New Member

In the section for identifying transactions that may be deductible, how can I add additional banks or credit cards?

 
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1 Reply
CatinaT1
Employee Tax Expert

In the section for identifying transactions that may be deductible, how can I add additional banks or credit cards?

 

To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it:

  1. Connect Your Financial Accounts: Link your bank accounts and credit cards to TurboTax. This allows TurboTax to import your transactions directly.
  2. Categorize Transactions: Once your transactions are imported, you can categorize them as business, personal, or split expenses.
  3. Import to TurboTax: At tax time, you can import these categorized expenses into your TurboTax return.

You can get started with the TurboTax Expense Monitor here.

 

Important points:

  • You can use the TurboTax Expense Monitor at the end of the year to import your business expenses. However, it's designed to be most effective when used throughout the year.
  •  By regularly connecting your financial accounts and categorizing transactions, you ensure that all expenses are accurately tracked and categorized, which can save you time and reduce errors at tax time1.
  • If you  use it only at the end of the year, make sure to review and categorize all your transactions carefully before importing them into TurboTax.
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