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TruckingM
February 18, 2024
Solved

Intuit sold me on this Quickbooks online, now I can't import to Turbo tax business. Is there a way I can do this?

  • February 18, 2024
  • 3 replies
  • 0 views
Original commenter did not share additional details
    Best answer by MariaSoledadG

    Let me help you import to Turbo tax, TruckingM.

     

    I can see how important it is to be able to import QuickBooks Online (QBO) data into Turbo Tax. Currently, this feature is unavailable. As an alternative, you can transfer your data to QuickBooks Desktop, and then import it to Turbo Tax.  You'll want to download a QuickBooks Desktop trial version. Then move your data from the Online version to QuickBooks Desktop.

     

    Once done, follow these steps to transfer your data to Turbo Tax Business:

     

    1. Sign in to your TurboTax and go to the File menu.
    2. Select Import.
    3. Click the From Accounting Software.
    4. Select QuickBooks and click Continue.
    5. Follow the on-screen instructions to complete the process.

     

    To give you more details on this, check out this article for reference: How Do I Import QuickBooks Data Into Turbo Tax Business?

     

    Furthermore, learn how to customize different reports in QBO to ensure you'll get the right data you need. I've got this for you: Customize Reports In QuickBooks Online.

     

    If I can be of any additional assistance with migrating your files, please don't hesitate to add them below. I'll be right here to keep helping.

    3 replies

    MariaSoledadG
    MariaSoledadGAnswer
    February 18, 2024

    Let me help you import to Turbo tax, TruckingM.

     

    I can see how important it is to be able to import QuickBooks Online (QBO) data into Turbo Tax. Currently, this feature is unavailable. As an alternative, you can transfer your data to QuickBooks Desktop, and then import it to Turbo Tax.  You'll want to download a QuickBooks Desktop trial version. Then move your data from the Online version to QuickBooks Desktop.

     

    Once done, follow these steps to transfer your data to Turbo Tax Business:

     

    1. Sign in to your TurboTax and go to the File menu.
    2. Select Import.
    3. Click the From Accounting Software.
    4. Select QuickBooks and click Continue.
    5. Follow the on-screen instructions to complete the process.

     

    To give you more details on this, check out this article for reference: How Do I Import QuickBooks Data Into Turbo Tax Business?

     

    Furthermore, learn how to customize different reports in QBO to ensure you'll get the right data you need. I've got this for you: Customize Reports In QuickBooks Online.

     

    If I can be of any additional assistance with migrating your files, please don't hesitate to add them below. I'll be right here to keep helping.

    K
    kathleentsullivan
    April 18, 2024

    Thanks for this - Do you happen to know how long until TurboTax desktop recognizes the QB desktop version? I downloaded it, all my data is flowing. However, back in TurboTax.. it isn't recognizing QB desktop. I tried closing and re-opening. 

     

    Its crazy they dont sync easier.. 

    M
    Mark_AG
    April 18, 2024

    Hello there, Kathleen.

     

    I recognize how important it is to import your QuickBooks data into your TurboTax desktop. Let me assist you in handling this correctly so you can import them easily.

     

    These are some things to prepare before you import your data:

     

    • QuickBooks should be installed on the same local drive as TurboTax needs to be registered. It's not recommended to store any of the applications separately.
    • You'll need to run QuickBooks with Administrator access.
    • You'll need to open the .qbw file at least once in single-user mode on the computer used for import.
    • If you're using QuickBooks Mac, you'll need to convert it to Windows type before importing.
    • Ensure to update your QuickBooks data before importing so your books match your tax return.
    • Ensure that you're using QuickBooks 2019 and newer versions to continue importing.

     

    You can check this article to learn more details about importing your QuickBooks data to TurboTax: How do I import QuickBooks into TurboTax Desktop for Windows?

     

    Furthermore, you can also consider posting your concerns on the TurboTax Community page. Their support has the right tools to assist you with the integration of QuickBooks Desktop and TurboTax.

     

    Let me know if you have additional concerns besides importing your QuickBooks Desktop data to TurboTax Business. I'm always here to assist you.

    4
    4Gal
    February 19, 2024

    @TruckingM 

    You need to convert data to QB Desktop file as the first step.

    G
    Greg_CS
    March 30, 2024

    I've had a similar experience to TruckingM's.  On October 12, 2023 the QuickBooks (QB) sales team redirected me to their QB Online Specialist Chris.  I told him that my primary concern before upgrading to QB Online was the compatibility between QB Online and TurboTax, specifically "Can my 3 QuickBooks Online Company data files be imported into my TurboTax Home & Business software?  He replied absolutely compatible!

     

    Having seen lately some grumbling on the internet to the contrary, such as TruckingM's post, today I spent 5 hours calling multiple QuickBooks & TurboTax departments seeking the actual truth instead of accepting the speculative opinions I had gotten for most of the day.  I still don't know real skinny.

     

    I know there are a lot of us out there in the same boat.  At this point with only 17 days left before filing, if anyone knows of a work-a-round, please share.  Don't want to have to file an extension.

    4
    4Gal
    March 30, 2024

    @Greg_CS 

    You need to convert data to QB Desktop file as the first step. You can use the trial version of QB Desktop 2021 or a newer one to proceed.

    T
    TruckingMAuthor
    March 30, 2024

    Correct, this is what I had to do, but why??? And the conversion is terrible. It doesn't transfer all the data. Shame on Intuit for forcing this switch to Online from desktop version when this feature is a highly requested option.

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