Schedule E Importing issue from Quicken

Forum|Forum|5 years ago
April 26, 2021
1 reply
11 views

I am importing into Turbotax without issue in general. However, when the Schedule E data imports into TT it creates 2 new Schedule E's. I have two schedule E's already set up in Turbotax because I imported and used Turbotax last year. The data should import into each already set up Schedule E using tags and copy numbers (there is a Quicken article that speaks to this) But instead it creates two new schedule E's. Making me have a total of 4 schedule E's. I have troubleshooted this for some time now. I have double checked my tags and copy numbers. The schedule E data should just plug into the two schedules already in the return just as it did last year. Please help!

Best answer by pnored

The issue is most assuredly a Turbo Tax issue. The Quicken tax report is fine. But the import ignores the Sch E forms from previous year and sets up new forms. So the depreciation remains in the original forms and the Quicken import lands in the new forms. I did discover something that wasn't required last year, which is a copy number in the tag list which is supposed to be what relates to the Turbo Tax property ID. However, I never had to use that before. Now those are set up and the issue remains.

@withmiranda I have figured out how to get them to import correctly. Do not import them from the file menu with all your other data. If you do import there just deselect your rental property data. Go into the rental property interview process & when you select one of your properties TT will ask you if you want to import data for that property after i ask you a few other questions. TT will pop up the Quicken file to import from. Select your file and import. It will populate your property data separately (make sure you have your tags & copy numbers done correctly) I have two properties. So I selected the property I was working on. And it imported it correctly inot the Schedule E and into the Sch E worksheet. Finish working on that property and when you get to your next property you will get to that import screen again and just repeat. I am in shock that it finally worked, I have been trying to figure this out for years. I don't think this separate area to import within the interview process was there in previous years.... or maybe I am knuts. I just dont know but so glad it is working for me now. I hope this helps you!

pnoredAuthor

Level 4

WOW!!! THIS COMMUNITY MUST NOT BE MODERATED.... WHAT'S THE POINT!

mesquitebean

Level 15

@ pnored

Sorry you're having trouble getting your thread answered in this user community forum. There are so many posts in this user forum that sometimes one's question can get "lost" in the queue and move on out of sight. Plus, a thread has to be seen by someone who is familiar with that particular issue and can contribute to the discussion. There are going to be fewer folks familiar with that issue of duplicated Schedule E's after you import from Quicken into TurboTax and try to get the data to line up with the 2 Schedule E's you already have in your return that transferred-in from last year.

The fact that you responded to your own thread, however, has moved it back up in the queue. So it has some visibility again, and it's possible someone may assist you today if the right person sees it who can comment on it. There are also some TurboTax employees who post during the day who may see your question. .

Are these rental properties? I'm going to ask forum Champ @ Carl ,who is familiar with rental properties and Schedule E, to look at this thread during the day to see if he has anything to add to the thread. I don't know if he's familiar with importing rental property data from Quicken or not.

Otherwise, if you are not receiving help in the user community forum, here's how to phone TurboTax Support during business hours.

Hours are 5AM-9PM Pacific (8AM-12 Midnight Eastern) 7 days/week.

You can use this contact form to get a phone number, or it may schedule a callback.
https://support.turbotax.intuit.com/contact

pnoredAuthor

Level 4

@mesquitebean Thank-you! Glad I reposted. Yes, these are rental properties. I look forward to possibly getting some more information/troubleshooting here. I have continued to work on my return and I can enter the data manually but would still like to look into this more as the convenience of data import is very important to me. I had contacted one number but got a message and then was disconnected. I didn't pursue anymore after that. I will use the contact info you gave me here if I don't get some resolution in a few days.

Thanks again!

Parrish