When you import data from last year's TaxCut or TurboTax, TaxCut creates the Compare This Year's Data to Last Year's report. This report lets you:
See all the data that was imported from last year's return.
Delete an imported value from this year's return.
Replace imported data with new data.
Jump directly to the form for a particular value.
Go to the Reports menu and select Compare to Last Year's Data.
TaxCut displays the report in the Report window. The information in the report is grouped by tax form. For each tax form, TaxCut shows:
Field Description: A brief description of the field on the form.
2005: The value from last year's return for that field.
2006: The imported value that is carried to this year's return. The field is blank if the value is not carried to this year's return.
Not all values are carried by default. TaxCut tries to make reasonable assumptions about which values are still appropriate for this year's return, and which values you have to change. For example, if you had interest income from a bank last year, TaxCut assumes that you probably have interest income from the same bank this year. Therefore, TaxCut carries the bank's name to the 2006 column, but not the interest earned amount, because you probably have to enter a new amount for this year.
Move the cursor to the 2006 column.
Enter a new value.
If you want to remove a value from the 2006 column, just delete the current value in the 2006 column.
If you want to see where a loaded value has gone, click the Go To Form button in the last column for that value. TaxCut opens the form and moves the cursor to the appropriate line. You can change the value of the field directly on the form. To return to the report from the related form, click the Close Form button at the top of the form.
If you change the value directly on the form, the Compare This Year's Data to Last Year's report is updated to reflect the change after you recalculate (from the Tools menu, choose Recalculate). If you change the value on the report, the form is updated. The most recent change you make—no matter where you make it—is carried to all the relevant places in your return.
Click the Print button at the bottom of the Report window.
Click the Close button at the bottom of the Report window.
Related Topics
Importing Data From Last Year's Return
Review Last Year's Data Report