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Great question.
Data conversion is for moving tax data files from another program, like TurboTax, to ProConnect. https://proconnect.intuit.com/community/convert-data-files/help/proconnect-tax-online-conversion-inf...
Batch Actions | Transfer Prior Year Return Data moves ProConnect tax returns from one year to the next.
Which tool do I use to transfer and convert prior year data from Turbo tax to Proconnect?
The first link for data conversion.
Do I need to do this every year for every client?
Batch Actions | Transfer Prior Year Return Data moves ProConnect tax returns from one year to the next.
What is the use case of doing this ? Tax planning and comparitive analysis of tax years I am guessing. Is there anything else?
Do I need to do this every year for every client? Generally, yes.
Batch Actions | Transfer Prior Year Return Data moves ProConnect tax returns from one year to the next.
What is the use case of doing this ? Tax planning and comparitive analysis of tax years I am guessing. Is there anything else? No, use the COPY return to create a sample to test or plan.
Once I use the "Batch Actions | Transfer Prior Year Return data" tool, then does it automatically create a copy return?
Like, are you saying I can transfer 2020 return data ( after e filing) to 2021 return, and then I can change numbers on the copy return for 2021 to extrapolate what the taxes will be for 2021 and this will help in tax planning.
Does the software automatically create a copy return? How do I create a copy after transferring the prior year return data?
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