If you use TaxAct® 1065, 1120, or 1120S, you can transfer company accounting records into your corporation or partnership tax return by importing a trial balance report generated from your accounting software.
It’s your responsibility (or your preparer’s responsibility) to ensure the accounting records in the .CSV file match the appropriate tax line in the TaxAct program. If these don’t match, the program may not calculate your tax return correctly.
To get started:
Now you’re ready to import your company accounting records into TaxAct. TaxAct will transfer the company records and help streamline the process by auto-mapping identifiable accounts.
The report must contain three columns — account description, debit, and credit. Here is an example:
To import a trial balance .CSV file into your TaxAct return: