3223981
Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Find CRA error Netfile information >> HERE!

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

A PROFILE file rolled forward into TURBO TAX so that it includes carryforward tax accounts from 2022?
6 Replies

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

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.

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

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

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

@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. 

PennyAs
New Member

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

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?

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

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.

 

PennyAs
New Member

Can a PROFILE prepared tax return for 2022 be rolled forward to prepare a 2023 Turbo Tax return?

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.

Unlock tailored help options in your account.