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Level 1
posted Dec 22, 2020 8:39:32 AM

Quicken to TurboTax importing problem

When importing Quicken to TurboTax, most info imports properly but pension income does not. The tax line assignment (1099-R: Total pension taxable dist.) appears to be correct. What could be wrong? 

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1 Best answer
Level 15
Dec 22, 2020 9:17:10 AM

The 1099-R section is currently non functional  ... if you are using the downloaded version you can switch to the forms mode and make a direct entry. 

4 Replies
Level 15
Dec 22, 2020 9:02:33 AM

What you enter each month in the Quicken program is not necessarily what will be on the 1099-R so you must wait for the 1099-R before entering in that information  OR  import from the retirement plan directly.   Don't expect quicken to have the correct  info to import.  

Level 1
Dec 22, 2020 9:12:31 AM

Thanks for your comments. I am just estimating taxes at this point, so would still like to import the Quicken data. I plan to update it later when my 1099-R becomes available.

Level 15
Dec 22, 2020 9:17:10 AM

The 1099-R section is currently non functional  ... if you are using the downloaded version you can switch to the forms mode and make a direct entry. 

Level 15
Dec 23, 2020 7:56:48 AM

When you use Quicken you have to make do with what it gives you.

Important to cross check the results against your actual tax documents (expected or in-hand).