I think this is the sequence that worked for me. First in TaxCut, go to
Tools/Update Tax Cut... and follow instructions. This will update your
TaxCut files as per the January message you referred to.

Then you also have to update your Money file. Go to
http://www.taxcut.com/customer_suppo..._money_import/ (assuming you have
Money 2006) and download and run the TaxCut-MoneyImport-Fix.exe.

You should now be able to import your data from the Money file.

That said, I personally think that it is easier to manually enter the data
from my 1099s directly into TaxCut instead of doing the import. That way I
know that what I am entering is the same data (and in the same format) that
is sent to the IRS. For example, in past years, my bank combined the
interest from Checking and Savings on the same 1099, while the Money import
showed them as two separate Interest amounts. While the total may be the
same, it is much better to report it to the IRS as one amount, so as not to
confuse their matching procedures. So I simply enter the data manually each
time I receive a 1099 in the mail. Done this way, it is not very onerous.
--
Peace,
BobJ



"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:1ue8t1lo4mudmipg43rbvsvstriot1k761[at]4ax.com...
- quote -

In microsoft.public.money, Andrew wrote:

- quote -

I would produce a TXF file with Money, and File-> Import the TXF file
into TaxCut.

Here is a little writeup with my observations that I posted a few
days ago:

================================================== =====
Income tax season in the US is coming. There are various things
that a user of Microsoft Money should consider.

Microsoft Money is very good at producing the information for
schedule D, if you have been downloading or entering your Buys and
Sells. That is really nice. TaxCut and TurboTax are the only two
income tax programs that use this data directly AFAIK. If you do
not have that many sells, you can copy the data from Money's tax
reports by hand into cheaper tax programs, such as TaxAct.

While Microsoft Money can produce entries for other things like
dividends, interest, W-2, etc, few people keep the data perfectly.
Some of the items recorded as dividends may be return of capital or
other special cases. Since you will be sent 1099s and perhaps
1098s for these, it will usually be best IMO to use the 1099 data
where it is provided.

Preparing the Schedule D is one of the best thing the Money program
does for me. Both TaxCut and TurboTax can import the TXF (Tax
eXportFiles) files that Money produces.

If I were preparing a schedule C, the data that Money can send to
the tax program would be very useful. You do not get 1099s for
that information, for the most part. But I don't do that now. If
you itemize, the schedule A information should be useful.


There can be other things that Money can track and provide the
information for your tax return

So how do I proceed ? In Money 2006,
Taxes-> TaxTools-> ExportToTaxSoftware

Set the ReviewTaxesFor drop-down to Completed2005TaxYear.
Continue.

Select the items that you want Money to send to the tax program,
and de-select those things that you will instead pull off of the
1099s. This may be Schedule A, Schedule C, and both long- and
short-term capital gains, depending on your needs.

In Money 2005 and 2006, if you want to print a tax report for
yourself or your tax preparer, do not click Continue at this point.
Instead click File-> Print to print the selected tax information.
This may be in two sections: the forms, line numbers and amounts
for most of the selected items, and then the information for
Schedule D.

To pass information to TaxCut or TurboTax that are installed on
your computer , click Continue. This writeup is not written with
the use of the on-line tax software in mind. If you plan to use
online tax software, read elsewhere about that.

I recommend that you not use the options for TaxCut or TurboTax,
but instead choose UseTaxSoftware, and "Export your tax information
as a data file you can use with any tax software program". This
will produce a .txf file. I suggest you do not use the FileByHand,
UseTurboTax, or UseACPA choices in Money 2005 or 2006. Start your
tax program. Make a copy of your tax file under another name.
Then File-> Import the .txf file. If you see that you selected the
wrong information for export/import go back to Money and re-select
the items. Then go back to the copy of the tax program that you
had not imported into yet, save another copy of that and
File-> Import the revised .txf file.
================================================== ======

Feel free to post errors or comments.

- quote -

The one on the computer. H&R Block TaxCut 2006.

-Andrew

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Andrew wrote:

- quote -

When you say TaxCut, do you mean the online service, or the tax
program on your computer?

I've tried importing my data from Money 2006 to TaxCut but it says that I
can't do that until Microsoft updates Money, which is expected in January.
Anyone know if this is true and when it's supposed to be? It's kind of
annoying.

Thanks.