How to Send QuickBooks Self-Employed Tax Information to TurboTax

If you use QuickBooks Self-Employed to track your self-employment income and expenses, you can easily send your tax information to TurboTax to file your taxes. This can save you time and help ensure that your tax return is accurate.

Step 1: Review Your Tax Checklist

Before you send your tax information to TurboTax, it’s important to review your tax checklist in QuickBooks Self-Employed. This will help you identify any missing or incomplete information that you need to provide.

To review your tax checklist:

1. Sign in to QuickBooks Self-Employed.
2. Select Home.
3. Select the Tax checklist link next to your profile icon.
4. Select a task on the list to review your data.

Step 2: Send Your Information to TurboTax

Once you have reviewed your tax checklist and made any necessary updates, you can send your information to TurboTax.

To send your information to TurboTax:

1. After you finish the tax checklist, select Download reports and save them to your computer. You may need this information to check certain areas in TurboTax.
2. Select Send to TurboTax.
3. Review your TurboTax sign-in information. Make sure the email address is the one you use for TurboTax Self-Employed. If it’s not, select the link to learn more.
4. When you’re ready, select Send to TurboTax.

QuickBooks will connect to and open TurboTax. Then select whether you want to send your information to TurboTax Self-Employed or TurboTax Live.

Step 3: Review Your Information in TurboTax

Once you have sent your information to TurboTax, you should review it to make sure that everything imported correctly.

To review your information in TurboTax:

1. Select Continue and follow the onscreen steps.
2. Answer the basic questions about you and your tax situation.
3. Verify your information before moving on to each step.
4. When you finish answering, TurboTax will import your QuickBooks Self-Employed data.

Important Notes

• If you don’t see your data in TurboTax, don’t worry. Follow these steps if your data didn’t transfer.
• QuickBooks Self-Employed only sends certain expenses to TurboTax. If you don’t see something, don’t worry. There’s probably a reason why. Here’s why some expenses don’t export into TurboTax Self-Employed.
• QuickBooks Self-Employed tracks federal estimated tax payments. This covers federal income and self-employment taxes. Keep in mind, QuickBooks doesn’t track state estimated taxes. You may need to enter this information manually.
• QuickBooks Self-Employed sends meal expenses to TurboTax as 100% deductible. TurboTax then determines the deductibility (50% for most businesses).

Sending your QuickBooks Self-Employed tax information to TurboTax is a quick and easy way to file your taxes. By following the steps outlined in this article, you can ensure that your tax return is accurate and complete.