TurboTax FAQ
TurboTax FAQ
337 people found this useful

When transferring, what information carries over to my return?

When you transfer from last year's tax data file, these items transfer over:

  • Name, address, and filing status
  • Social Security number
  • Dependents
  • Bank information for direct deposit of tax refunds
  • Adjusted Gross Income (AGI)
  • Self-select PIN, if you successfully e-filed your 2014 return 
  • Employer's name and address
  • Form 1099 payer information (banks, stocks, mutual funds, retirement accounts, etc.)
  • Deduction descriptions such as medical expenses and the names of charities
  • Tax refunds that you applied to your 2015 tax liability
  • Schedule C, including ending inventory
    • Important: Click here for the proper way remove a Schedule C business that transferred over.
  • Schedule F, including ending inventory
  • Schedule E 
  • Business-use information
  • Contribution, credit, state, and local tax carryover amounts
  • Capital loss and passive loss carryovers
  • Partnerships, S corporations, estates, or trusts that you have an interest in
  • Depreciable items such as cars, equipment, and buildings

 Note: Keep in mind,  a .tax file from a previous year will not transfer if the file is password protected.