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 |
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Foreign Bank Accounts Report (FBAR) |
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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 |