Importing From Quicken 2004 or Earlier Versions

In versions of Quicken from 2004 and earlier, you must first export regular and capital gains tax information into a Tax Interchange File (.txf) format and then you can import the data into TaxCut.

Exporting Data From Quicken

To export regular tax information from Quicken:

Note: Make sure you create a Tax Schedule Report, NOT a Tax Summary Report.

  1. If you are using Quicken 98: Go to the Reports menu, select Home, and then move the cursor to the right and select Tax Schedule. The Create Report dialog appears. Click Create. Quicken generates the Tax Schedule Report.

    If you are using Quicken 99, 2000, 2001, 2002, 2003, or 2004: Go to the Reports menu, select Taxes, and then move the cursor to the right and select Tax Schedule. The Create Report dialog appears. Click Create. Quicken generates the Tax Schedule Report.

  2. Click Export. Quicken displays the Create Tax Export File dialog box.

  3. In the Directories list, navigate to your TaxCut directory. For example, if you installed TaxCut in the directory C:\Program Files\TaxCut07, double-click the C:\ folder, double-click the Program Files folder, and then double-click the TaxCut07 folder.

  4. In the File name field, enter a name for the export file.

  5. In the Files of type field, make sure the selected type is Tax export files (*.TXF).

  6. Click OK. Quicken creates the export file.

To export capital gains information from Quicken:

  1. If you are using Quicken 2004 or earlier: Go to the Reports menu, select Investment, and then move the cursor to the right and select Capital Gains. The Create Report dialog appears. Click Create. Quicken will generate the Capital Gains Report.

  2. Click Export. Quicken displays the Create Tax Export File dialog box.

  3. In the Directories list, navigate to your TaxCut directory. For example, if you installed TaxCut in the directory C:\Prgram Files\TaxCut07, double-click the C:\ folder, double-click the Program Files folder, and then double-click the TaxCut07 folder.

  4. In the File name field, enter a file name, using .TXF as the file extension.

  5. In the Files of type box, make sure the selected type is Tax export files (*.TXF).

  6. Click OK. Quicken creates the export file.

Importing Data into TaxCut

To import data using the Interview:

  1. On the Federal tab follow the instructions that TaxCut displays until you get to the Import Data From Financial Software screen.

  2. Select Yes, and then click Next.

  3. Select "Other program that supports Tax Exchange Format (TXF)", and then click Next.

  4. Click Import. TaxCut displays the Import Financial Information from... dialog box.

  5. Select the file you want to import and click Open. If the file you want to import is in a different folder, navigate to that folder and select it. TaxCut automatically imports your data.

To import data using the File menu:

  1. From the File menu, choose Import Financial Information. TaxCut displays the Import Financial Information dialog box.

  2. Select "Other TXF", and click OK.  TaxCut displays the Import Financial Data from... dialog box.

  3. Select the file you want to import, and click Open. If the file you want to import is in a different folder, navigate to that folder and select it. TaxCut automatically displays the Import Report. You can change the imported information at this time.

As you go through the Interview, TaxCut displays the data that you imported as green text. Change anything you need to at that time. You can also view and change the imported information any time by selecting Review Financial Imports from the Reports menu to display the Import Report.