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Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?
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Unfortunately, you will not be able to transfer your Profile information into TurboTax. You can't carry forward information into a different software and therefore not compatible.
Thank you for choosing TurboTax.
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I have been a long-time user of Profile for preparing personal tax returns for clients. I have not downsized and will be moving to Turbo Tax for 2024 years and going forward. Will I be able to carryforward 2023 tax returns prepared in Profile to file 2024 returns
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@KarenJennings Unfortunately, you will not be able to transfer your Profile information into TurboTax. You can't carry forward information into a different software and therefore not compatible.
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I have also been a long time Profile user who will be using Turbotax for 2024. If I am not able to carry forward the 2023 tax return from Profile, am I able to manually type in the 2023 summary so that it shows a comparative for 2023 & 2024 on the detailed summary?
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No, the year over year summaries are auto generated in TurboTax, so there's no way to enter data into them. You can always recreate the summaries in a program like Excel or Google Sheets.
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Actually, I went into the carry forward form, scrolled to the bottom and entered 2023 there. It seems to show the comparative on the detailed summary now.