Running and Exporting Tax Reports
Overview
Tax reports in Simplifi and Quicken Business & Personal summarize your income and expenses in tax-ready formats — including reports aligned to common IRS tax schedules. You can use these reports to review your totals throughout the year, plan for estimated payments, and share organized information with a tax professional.
Quicken does not file taxes, but it turns the transactions you've already tracked into clear, usable reports that make filing easier.
Why Run Tax Reports
Running tax reports helps you stay tax-ready and avoid last-minute cleanup. When you run them regularly, you can:
Reduce manual work by summarizing your totals automatically
Improve accuracy by using categories mapped to tax lines
Spot issues early, such as uncategorized transactions or missing expenses
Support estimated tax planning by checking year-to-date totals
Share cleaner, more organized information with your accountant or tax preparer
How Tax Reports Work
Tax reports are built from the transactions you've recorded. As long as your transactions are categorized consistently, Quicken can roll up your totals into tax-friendly summaries that update automatically as your data changes.
Running reports throughout the year — not just at tax time — helps you stay current and catch issues before they become problems. Many users run tax reports quarterly to stay ahead of deadlines and monitor trends.
What Affects Report Accuracy
Tax reports are only as reliable as the information you've tracked. For best results:
Categorize every transaction, especially income and deductible expenses
Review uncategorized or miscategorized items before sharing or using your totals
Split mixed business/personal purchases so only the deductible portion is counted
Track deductible mileage and attach receipts when needed for documentation
Confirm your date range matches the period you're reporting on (typically the calendar year)
Tip: If your totals look off, the most common cause is missing categories or business expenses recorded under personal categories.
Common Tax Reports You Can Run
Choosing the right report depends on how you file and what type of income you track.
Personal Tax — Summarizes personal income and deductions organized by category and mapped to personal tax lines.
Business Tax - Summarizes business income and deductions organized by category and mapped to schedule C, E, or F tax lines.
Schedule C (Profit or Loss from Business) — Summarizes business income and expenses for self-employed users and sole proprietors.
Schedule E (Supplemental Income and Loss) — Tracks rental property income and expenses.
Schedule F (Profit or Loss from Farming) — Summarizes farming income and expenses. Available in Quicken Business & Personal only.
How to Run & Export a Personal Tax Report
Open Reports, then select Taxes.
In the filter bar, select Personal from the account type dropdown. The report displays your transactions organized by category and mapped to personal tax lines.
Set the date range (typically January 1–December 31).
Click Filters to apply filters (such as Accounts, Tags, or Categories) if needed.
To specify your accounting method, click the gear icon and select Accrual basis or Cash basis.
Your report updates automatically as you make selections.
To export or print the report, click the three-dot menu in the top right and choose an option:
Export as — saves the report as a .PDF or .CSV file.
Export to tax software — exports the report as a .TXF or .TXJ file.
Tip: Not sure which accounting method to choose? Most small businesses use cash basis — you record income when you receive it and expenses when you pay them. If you're unsure, check with your accountant.
Note: TXF and TXJ files are designed for use with third-party tax software such as TurboTax. If you're not using tax software, exporting as PDF or CSV is the most common option. Tax software export is not available in the Schedule C, E, F view.
How to Run & Export a Business Tax Report
Quicken Business & Personal only.
Open Reports, then select Taxes.
In the filter bar, select your business name from the account type dropdown. The report displays your transactions organized by business categories.
Set the date range (typically January 1–December 31).
Click Filters to apply filters (such as Accounts, Tags, or Categories) if needed.
To specify your accounting method, click the gear icon and select Accrual basis or Cash basis.
In the upper-right corner of the filter bar, select your report view:
Transaction — shows all individual transactions organized by category. Use this view to review detail and verify categorization.
Schedule C, E, F — shows summary totals organized by tax schedule. Use this view when you want a high-level summary aligned to IRS forms.
Your report updates automatically as you make selections.
To export or print the report, click the three-dot menu in the top right and choose an option:
Export as — saves the report as a .PDF or .CSV file.
Export to tax software — exports the report as a .TXF or .TXJ file.
Note: TXF and TXJ files are designed for use with third-party tax software such as TurboTax. If you're not using tax software, exporting as PDF or CSV is the most common option. Tax software export is not available in the Schedule C, E, F view.
Examples
Example 1: Validating deductions before filing Sara works a full-time job but also tracks itemized deductions throughout the year — mortgage interest, charitable donations, and medical expenses. Before handing off to her tax preparer, she runs the personal tax report to confirm her totals and check for any uncategorized transactions she may have missed. Outcome: Her tax preparer receives accurate, organized totals and the return is completed faster.
Example 2: Preparing your own business taxes Lena is a freelance designer who files a Schedule C. She runs the business tax report in Schedule C, E, F view to review her income and expense totals and confirm everything is categorized correctly before filing. Outcome: Faster filing and fewer missed deductions.
Example 3: Working with an accountant Marcus owns two rental properties and tracks income and expenses throughout the year. He runs the Schedule E report to organize totals for each property, then exports a PDF to share with his accountant. Outcome: His accountant receives clean, organized totals and can prepare the return more efficiently.
Example 4: Importing directly into tax software Rachel uses TurboTax to file her self-employment taxes. After reviewing her totals in Quicken, she exports her business tax report as a TXF file and imports it directly into TurboTax — skipping manual data entry entirely. Outcome: Less time re-entering numbers and fewer opportunities for errors.
Best Practices
Run tax reports quarterly, not just at year-end. Catching issues early is much easier than cleaning up 12 months of transactions before a filing deadline.
Run one final report after year-end close. Transactions recorded in early January — late-arriving bank imports, manual entries — can affect your prior-year totals. A final check after the year closes helps ensure nothing was missed.
Review before you share. Before exporting or sending a report to your accountant, scan for uncategorized transactions. A clean report saves time on both ends.
Match your export format to your audience. PDF is easiest to read and ideal for sharing with a tax professional. CSV is better if you or your accountant needs to sort, filter, or manipulate the data. TXF and TXJ are for direct import into tax software.
Keep categories consistent year over year. Changing how you categorize transactions mid-year — or between years — makes it harder to compare reports and spot trends.
Separate business and personal activity to improve reporting clarity and avoid mixing deductible and non-deductible transactions.