How can I export my tax information from Self-Employed so that I can import that into TurboTax Home

Hello, cupidchan.

I'll give steps to guide you on how to transfer the tax information

When it's time to file, you can export your data directly to TurboTax Self-Employed. Before doing so, please ensure that the sign-in info for both accounts (QBSE and TurboTax) are the same.

Then, review your tax checklist by following these steps:

1. Sign in to QuickBooks Self-Employed.
2. Go to Home and select the Tax checklist link next to your profile icon.
3. Select a task on the list. This takes you to the task so you can finish reviewing your data.
4. Finish the tasks on the tax checklist.

Once you're done with the tax checklist, you can send your info to TurboTax.

Here's how:

1. Click Download reports and save them to your computer. You may need this info to check certain areas in TurboTax.
2. Select Send to TurboTax.
3. Review your TurboTax sign-in info. Make sure the email address is the one you use for TurboTax Self-Employed. If it's not, select the link to learn more.
4. When you're ready, press Send to TurboTax.

After sending the info, you can go to TurboTax and review your info. You can check out Step 3 in this article for more details: Send QuickBooks Self-Employed tax info to TurboTax Self-Employed or Live.

To review your other task in QuickBooks Self-Employed, please check out this guide: QuickBooks Self-Employed annual tax guide.

Please comment on this thread if you have any additional questions or need help with other task in your account. Take care and stay safe.

Thanks @RenjolynC! I don't see the "Tax checklist link" you mentioned below... When you say "When it's time to file", when should I expect this from happening?

Thanks,

Cupid

Thanks @RenjolynC! I don't see the "Tax checklist link" you mentioned below... When you say "When it's time to file", when should I expect this from happening?

Thanks,

Cupid

I can share some information about when the tax checklist link will appear from your profile, @cupidchan.

Starting in the third week of January, this tax checklist link next to your profile icon may be available. We'll also send you a notification when it's ready. 

In the meantime, I suggest making sure to review and categorize your transactions to the right schedule C categories and business mileages. For more information about reviewing your transactions, check out this article: QuickBooks Self-Employed annual tax guide. 

Once everything is ready, you can now send your info to TurboTax Self-Employed and review everything after you send it. Refer to this article for detailed guidance: Send QuickBooks Self-Employed tax info to TurboTax Self-Employed or Live.

I'm always here if you need further assistance or help with exporting your data to TurboTax. Let me know in the Reply section below. Have a wonderful day!

Thanks @MJoy_D ! One question related to your advise of categorize I tried to ask in another thread but never received any direct answer. Maybe you can help: There is a transaction in Self-Serviced Quickbooks, which I used as employer contribution to my Sole 401(k). I tried to find 401(k) or retirement plan... etc  as the category but cannot find it, which someone also confirmed that this is not available in Self-Employed. If so, how should I categorize that transaction? I just need one simple answer, "Which category should I use in Self-Serviced if 401k category is not available?" When I asked this in another thread, people just keep saying "Rest assured, the expense categories of the program line up with the Schedule C tax form to ensure that your estimated taxes are accurate" But if I cannot even categorize that, how can I rest assured?

Thanks,

Cupid

Thanks,

Cupid 

Hi there, cupidchan.

I appreciate you for coming back to the thread and adding additional concern about categorizing an entry. Also, I can see how necessary to organize the 401k in QuickBooks Self Employed. With this, I'll be sharing further information on how the transaction works in our system. Then, ensure you'll be routed to the right person to assist you in handling your entries.

When you categorize transactions, our system matches them to a line on your Schedule C from the IRS. Then, according to them or to this IRS article, 401k retirement plan contributions for a self-employed individual are deducted from Form 1040 and not from Schedule C. With this, the option to categorize 401(k) is unavailable in QuickBooks Self Employed. 

However, the option you may have is to classify the 401k as a personal transaction. To ensure and confirm this one, I suggest consulting an accountant. They'll be able to provide details if this would be your best course of action for this specific type of transaction.

Lastly, you may refer to this article to view different details on how QBSE is designed to help you record your self-employed income and expenses, track mileage, and prepare your Schedule C: QuickBooks Self-Employed Overview.

Feel free to comment below if you need further assistance in categorizing transactions in QuickBooks Self-Employed. I'm always here to help.

Thanks @ChristieAnn   as you clearly told me it should be categorized that to Personal with certainty. However, as you know, there are 2 types of contributions, by Employee (which you correctly said that should be filed under 1040) and by Employer, which is what I need to know where should I put that in TurboTax. (If you wonder why I have to do that as Employer contribution for the Solo 401k. I put that money AFTER Dec 31, hence contributed as employer is the only option to be considered as the year 2021)

I realize that this switches from a Quickbooks Self-Employed question to TurboTax. But since they both under Intuit, I assume either you or your co-worker should be able to answer that, right?

Hello cupidchan!

I understand that you just need to categorize the 401(k) contribution. Allow me to help you with it.

It is true that QuickBooks Self-Employed doesn't have a category for retirement contributions. However, you can categorize them as Personal Expense. Then, manually enter it as a retirement contribution in filing a tax form.

1. Go to the Transactions menu.
2. Click Add transaction or select the existing transaction.
3. Select Personal in the TYPE section. Choose a personal category in the CATEGORY section.
4. Tap Save.

With regard to product support, we have a dedicated team that handles TurboTax concerns including filing taxes and preparing your Schedule C. 

Also, please check this article to know the different categories available in QuickBooks Self-Employed: Schedule C and expense categories in QuickBooks Self-Employed.

You can reply again to this thread if you have more questions. Have a great one!