2021 Extension and Transfer Tax from 2020?

[Den9128]

Hello TurboTax Team:

I use the desktop turbotax business. While doing the year 2021 tax, it ask me to transfer tax info from 2019 but I only use turbo tax business deskstop on 2020.

Transfering tax info from 2020 is much better than starting everything new.

Is it a bug from turbotax desktop that I have to contact turbo tax directly?

What can I do?

Thanks

Dennis

[Kat]

Are you using the same computer that you used when preparing your TT Business 2020 return?  In order for the information to transfer from 2020, that info must first be on the computer you're using.

You DO NOT want to transfer your 2019 information into the 2021 return.

[VolvoGirl]

Sounds like you started up the 2020 program if it's asking to transfer from 2019.   Did you buy and install the 2021 program?    Try finding the 2021 Desktop shortcut to click on.   

[Den9128]

Hello TurboTax Team:

Yes, same pc for year 2020 tax, but when I try to do the year 2021 tax and transfer previous returns.

The turbotax ask for 2019 to transfer which I do not have with turbotax.

Is it a bug reported to turbotax?

Thanks

Dennis

[Den9128]

Hello TurboTax Team:

Do I need to buy the 2021 program for 2020 program provide update and can do several returns but I only use once?

Thanks

Dennis

[VolvoGirl]

Haven't seen anyone report that.  You didn't answer my question.  Did you install the 2021 program?  You have to buy a new program each year.

How to contact Turbo Tax
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991

What is the Turbo Tax phone number
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

[VolvoGirl]

Yes you have to buy a new program each year.  They are only good for that year.   Buy Turbo Tax Business here

https://turbotax.intuit.com/small-business-taxes

[Den9128]

Hello TurboTax Team:

OIC, I need to buy program each year for tax.

Can I use the Home and Business Edition online for S Corporation?

Thanks

Dennis

[Kat]

@Den9128 I'm sorry, but no.  You'll need the Business software to complete your S-Corp filing.

TurboTax® Business CD/Download 2021-2022 Desktop Software, File Business Taxes (intuit.com)

[VolvoGirl]

Sorry you will need 2 programs. The Business program and a personal version. For your personal return you can use either the Online Premier or Self Employed Version. The online Self Employed version is for personal returns that need Schedule C for self employment income (not S corp). Or buy any of the Desktop CD/Download programs for Windows or Mac. All the personal Desktop programs have the same forms, you get more help in the higher versions.

You can start an Online return here,
https://turbotax.intuit.com/personal-taxes/online

You can buy the personal Desktop CD/Download program now here,
https://turbotax.intuit.com/personal-taxes/cd-download

[Den9128]

Hello TurboTax Team:

OIC, I need TurboTax Bussiness for S Corp, then Another TurboTax for Personal Return.

This explain the problem why I cannot import previous year tax return to the desktop TurboTax Business program.

Thanks

Dennis

[Den9128]

Hello TurboTax Team:

Using the desktop 2021 TurboTax Business, it asks me if I want to import QuickBook into it.

I use QB online, but not the desktop version. Can I import the QB online to Desktop 2021 TurboTax Business.

Thanks

Dennis

[VolvoGirl]

I have these links......

How to import from Quickbooks into Windows Business program,   

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-quickbooks-data-into-turbo...

QuickBooks Online data must first be exported to QuickBooks Desktop before it can be imported into TurboTax Business. Refer to QuickBooks Online support for help (also see the export limitations).

[Den9128]

Hello TurboTax Team:

Ok, but I do not use the quickbook desktop.

Then I cannot import quickbook online to turbotax business. Just have to enter info to it.

Thanks

Dennis

[VolvoGirl]

Can you export QuickBooks Online to the trial QuickBooks  Desktop program?  Importing data from QBO to TurboTax can be done by converting the data to QuickBooks Desktop. You need to download a trial version of the program to start the export and import process using Internet Explorer.

Please see this information found on the Quickbooks website answered by a Quickbooks employee, you can transfer by using their trial version: Quickbooks Transfer