Learning about taxes

Quicken can simplify the preparation of your federal income tax return. For this you just need to do these simple tasks:

Assign tax line items to your categories.
Associate the appropriate tax category to the transactions that are important to you.
Run the Tax Schedule report for the required financial year.
Export the Tax Schedule report and save it on your computer.
Import the saved file into the tax software Turbo Tax. You can also submit a copy of the report to a tax consultant.

The following tax reports are available on the Reports tab.

Tax Schedule	See spending and income by Tax Schedule tax schedule line items. Schedules A, B, C and D are setup by default but you can Setup a custom report for any federal Tax Schedule or form using Category Tax Line Assignment. This report can be exported to a CSV (spreadsheet) file or to TurboTax.
Foreign Bank Accounts Report (FBAR)	Easily calculate the maximum balance of your foreign bank account balances within a calendar year. More information about the FBAR report and who needs it is available at the IRS website.
Form 1040	Transactions with categories that apply to Form 1040.
Schedule A - Itemized Deductions	Transactions with categories that apply to Schedule A - Itemized Deductions
Schedule B - Interest and Dividends	Transactions with categories that apply to Schedule B - Interest and Dividends
Schedule C - Profit or Loss from Business	Transactions with categories that apply to Schedule C - Profit or Loss from Business
Schedule D - Capital Gains and Losses	Transactions with categories that apply to Schedule D - Capital Gains and Losses
Schedule E - Supplemental Income and Loss	Transactions with categories that apply to Schedule E - Supplemental Income and Loss