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Hello. Am I right that I need to purchase TT business desktop software to do a 1120 but there is no way to import information from QBO? If that's true, that's kind of lousy set-up.
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You can import QuickBooks. Right after you begin a new return in TurboTax Business, we'll ask if you used QuickBooks in 2022. Answer Yes and follow the on-screen instructions.
Additional information: How do I import QuickBooks data into TurboTax Business?
THank you. Is that true for Quickbooks online, not just desktop?
Yes. Use this Article for specific directions on how to download to Desktop.
TurboTax for Windows Basic, Deluxe, Premier, and Home & Business versions can be imported directly from the QuickBooks Desktop software.
If you're looking to import QuickBooks into TurboTax Business, see this article instead.
Related Information:
Are you saying that I have to FIRST go from QBO to QB Desktop (requiring a different subscription?), and then get TT business desktop? None of the linked articles are clear on QBO-->TT Business desktop.
Yes, TurboTax Business only imports from Quickbooks Desktop. The easier process would be to print your Profit & Loss and Balance Sheet from QBO and manually enter your income and expenses and your balance sheet if you are required to.
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