![]() ![]() Or you can use this report to fill in the exact figures on your Form 1040 tax form and schedules, with these two qualifications: (1) Check the figures against any limits defined by the IRS, such as the maximum deduction allowed for IRA contributions (the Quicken Tax Schedule report gives your personal totals, not the IRS limits) and (2) be sure you've already recorded all relevant transactions in Quicken (Quicken comes with the investment categories _DivInc and _IntInc assigned to Schedule B, and the Tax Schedule report subtotals the amount for each category by investment account, but not by security). Quicken does not export unspecified values, so you should resolve them before you export your Quicken data to another program.Īfter you've assigned categories to line items correctly, you're ready to transfer the data from this report to tax preparation software that uses the tax schedules. If you've entered rental property transactions that Quicken needs more information about, Quicken displays these transactions in the Unspecified Rental Expense and Unspecified Rental Income sections of the report so you know to resolve the unspecified transactions either in the report (see the note below) or on the Profit/Loss page on the Rental Property tab (only in Quicken Home, Business & Rental Property). If you've purchased Quicken Home, Business & Rental Property, this report includes transactions with rental property tags. (Click Expand All in the upper-left corner of the report to see the transactions for each tax line item grouped by tax schedule.) If you plan to export tax information to tax software, this is the report to use. ![]() When you want a report that lists the exact figures you need to fill in on your Form 1040 tax form and most schedules (with the qualifications listed below), create a Tax Schedule report. ![]() This report lists transactions from all accounts in the current file with tax-related categories assigned to tax schedule line items. ![]()
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