How do I view my Tax Planner data



How do I view my Tax Planner data

When you first view your data in the Tax Planner, you may be surprised to find some of the fields already filled in. This is because Quicken can track data it knows is tax related, no matter where that data is entered. The amounts you see in the Tax Planner can come from any of the following data sources, listed in order of priority (figures higher on the list override those lower on the list):

  • User-entered data (figures that you added or edited)
  • Current-year Quicken source data, such as transactions you entered, scheduled transactions, or year-to-date data annualized where applicable
  • Any prior-year TurboTax data you imported into Quicken, adjusted for inflation where applicable
  • Prior-year Quicken source data, adjusted for inflation where applicable

You may also find that some amounts displayed reflect a combination of prior- and current-year amounts. For example, Schedule E rent and royalty information imported from TurboTax appears under the Rental Income category in Quicken. If you import such a TurboTax file and have current-year royalty income, you may see both the prior-year amount and the current royalty income as adjusted or combined income in the Tax Planner.

When you're viewing the properties of a field in the Tax Planner, you may see the data source for a projected value identified as User Entered when the only sources of information are TurboTax and Quicken. You may also note that this amount isn't the sum of the projected TurboTax and Quicken amounts displayed. This may occur for the following items:

  • Your wages and salary
  • Other adjustments to income
  • Real estate and other tax
  • Mortgage and other deductible interest
  • Charitable contributions

Each item listed above is a combination of two or more tax categories. Each component category can include both a TurboTax value and a Quicken source value and is independently subject to amortization or adjustment for inflation. The amount you see as the User Entered value is the sum of the highest-ranking value within each component category.

  1. Click the Planning tab.
  2. Click the Tax Center button.
  3. Click Show Tax Planner.
  4. On the left side of the page, select Tax Planner Summary to view all the tax-related information Quicken currently has about you.
    • The Tax Planner Summary page is always available to you, regardless of where you are in the Tax Planner; to return to it, on the left side of the page, click Tax Planner Summary.
  5. Click the page that contains any field you want to change.
    • For example, if you see on the Summary page that the value in the Capital Gains and Losses field isn't correct, click Capital Gains and Losses. Quicken displays the Capital Gains and Losses - Schedule D page, and you can change the values in the fields.
  6. Select Show Details at the bottom of any page to view more information about where Quicken obtained a particular value.

    • For example, if you're wondering how Quicken arrived at the amount displayed for Other Income, click Other Income, and then click Show Details. Quicken shows you whether the information was from an imported tax file or from transactions entered in Quicken or whether you entered the data yourself in the User Entered field. If applicable, Quicken shows a list of the transactions it used to arrive at the figure in the Tax Planner. The list of transactions includes all future scheduled transactions, shown in red, and all recorded Quicken transactions (split transactions shown in blue, and regular/investment/YTD transactions shown in black).

Notes


Quicken displays information culled from your Quicken data (such as transactions categorized as Salary) or from TurboTax data (if you imported it into Quicken) in the Tax Planner. Quicken projects this data for the current tax year.

You can change any of the information displayed in the Tax Planner at any time. Your changes take precedence; that is, Quicken considers your changes to be the most up-to-date. You can also change back to Quicken data or TurboTax data if you need to.

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Tip: To find out which version of Quicken you are using, open Quicken go to Help menu and select About Quicken.