TaxCut 1999

• Code: N488 "^ Sched B \ Div. income, cap gain distrib."

  Code: N286 "^ Sched B \ Dividend income"

  These two codes, from the same payer, are not correlated. The user will have to adjust for this after import.

TaxCut 1999, 2000

• Code: N521 " F1040 \ Federal estimated tax, qrtrly"

  Does not accept the date field and does not import the individual payment amounts, only the total. The date and individual payment amounts, only matter if you have to compute the penalty. (this may be a TurboTax enhancement)

• Code: N460 " W-2 \ Salary or wages, self"

  Code: N506 " W-2 \ Salary or wages, spouse"

  and other related codes.

  Information from only one job may be imported.

TurboTax 1999, 2000

• Code: N521 " F1040 \ Federal estimated tax, qrtrly"

  Does not accept the dates outside of the tax year. This is a problem for the last payment that is due Jan 15. GnuCash changes the the date of the last payment to Dec 31. The user will have to adjust for this after import. The date only matters if you have to compute the penalty.

TXF Tax eXport Format

• Duplicate Codes

  Most codes are not supposed to appear more than once. GnuCash issues an error message if it detects this, but will still export the data. These are not handled the same by TaxCut and TurboTax.

  • TurboTax

    Sums the duplicate codes. i.e., job one and job two are added together.

  • TaxCut

    Keeps only the LAST of the duplicate codes. i.e., job one is ignored and job two is kept.