Turbo Tax type programs for home and business

ladybug1February 18, 2006

I am trying to help my elderly parents with some bookkeeping tasks so that tax time is easier for them. I have looked at Quicken and Turbo Tax for record keeping. I don't want to necessarily do all the "fancy" stuff that Quicken does. I just really need it to record expenditures and income and I would like for the program to automatically add the columns at the end. I guess the other thing I need to know is how many categories can you have with Quicken and Turbo Tax? My parents have some income from rental property.

Thank you for reporting this comment. Undo

I don't know the limit on the number of categories and subcategories in Quicken, but I'm sure it's more than you could ever need. For each tax-related category, you identify it as to how is is to be used on the Tax Return (i.e. Schedule A, Charitable Contributions; Schedule B, dividend Income; Form 2441, Qualifying Childcare Expenses, etc)from a pull-down menu in Quicken when you set up the category. I've never downloaded directly from Quicken to TurboTax, preferring to use the totals on the Quicken reports to do a manual input.

    Bookmark   February 18, 2006 at 9:05PM
Thank you for reporting this comment. Undo

Hi Ladybug,

I have a cabin rental business, 7 cabins that I own, 22 that I manage. I use quick book for the montly/daily record keeping and then use Turbo Tax Premier for annual taxes.

I find them both easy to use and with each you can have many properties.


    Bookmark   February 19, 2006 at 8:22AM
Thank you for reporting this comment. Undo

Another option might be some pre-made templates for whatever you may have on that computer for a spreadsheet (Excel, Works, Quattro, etc.). You might even find some which are freeware or much cheaper than the Intuit products.

Here is a link that might be useful: My Google search for business spreadsheet templates

    Bookmark   February 19, 2006 at 10:49AM
Thank you for reporting this comment. Undo

I appreciate the information each of you sent. I probably need to get my dad to call the tax preparer and ask about categories (identify them). My dad can make what should be easy extrememly complicated by too much detail.


    Bookmark   February 19, 2006 at 9:10PM
Sign Up to comment
More Discussions
Is a lien only for money owed or.........
My Home Owners Association has rules of course and...
How much to replace car key? Am I being taken for a ride?
Hi all. I lost a key and a remote control to our 2005...
Just because you pay your bills on time.....
doesn't guarantee you have good credit The "Paying...
help!!! advice needed asap for 2nd mortgage
I need to take out $30,000 in equity for desperately...
Any advice for a lady whose husband hides $?
I am a widow and used to doing for myself. I have a...
Sponsored Products
Installation Tools: WerkMaster Flooring Scarab Wood Deck Sanding Package
Home Depot
Westinghouse Ceiling Fans Turbo Swirl CFL 30 in. Gun Metal Ceiling Fan grey
$72.57 | Home Depot
Bernie Turbo Series Table Lamp by Holtkoetter
$538.00 | Lumens
Congo Explorer Treehouse Climber Playset - Green and Sand - KW-CG-CTH-01GR
Ionic Pro TURBO TA500 Ionic Room Air Purifier - 895321000897
$179.99 | Hayneedle
Congo Monkey Playsystem #4 with Swing Beam - MKY-4-SB-GR
Westinghouse Ceiling Fans Turbo Swirl 30 in. Antique Brass Ceiling Fan 7824865
Home Depot
Lifesmart Hot Tubs & Accessories Coranado DLX 7-Person 220-Volt Spa with 65 Jet
Home Depot
© 2015 Houzz Inc. Houzz® The new way to design your home™