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Importing financial institution data into Lacerte with Tax Import

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Importing financial institution data into Lacerte with Tax Import

Lacerte Tax Import allows you to quickly and accurately download W-2, 1098 and 1099 forms directly into the 2019 1040 return.

There are two ways you can download financial institution data from your client's online accounts. Click below for steps or watch our short video to learn more.
Tax Import is only available for the current tax year and is available until November when it is taken offline to prepare for the next tax season. Tax Import is brought online in mid-January for processing current year returns.

Inviting the client and importing is an easy three-part process:

  1. Open Lacerte to the Client List. 
  2. Highlight the client you would like to send the invitation to.
  3. From the Import menu, choose Tax Import then Import Client Data from Online Accounts....
  4. Review the client's name and email address. Changes made here will not change Client Information on Screen 1.
  5. Click Next.
  6. Review the default text to the taxpayer. ${FirstName} ${LastName} will pull the taxpayer's first and last name from the Client Information. You can customize the text and who shows as the Tax Preparer.
  7. Ensure your email is present on the Email address for notifications and click Next.
  8. Verify the Email address for notifications contains your email address.
  9. Review what will be sent to the taxpayer and click Send to email the taxpayer.
  1. From the email, the taxpayer should click the Get Started button.
  2. On the Intuit Tax Form Dropoff website sign in with their Intuit Account Login.
    • If they do not have an Intuit Account Login they should click on the New to Intuit? Create an account link.
    • If the invite is sent to a Married Filing Joint client, only one login is necessary, your client does not need a separate login for the Taxpayer and Spouse for the dropoff website.
  3. Select the Document Type to download:
    1. W-2 
    2. 1099
  4. Click on Start download
  5. Enter the required information:
    • If importing a W-2:
      1. Enter the EIN from the W-2.
      2. Click Continue.
      3. Enter the Control Number from the W-2.
      4. Enter the Social Security Number from the W-2.
      5. Enter the amount from Box 1 of the W-2.
      6. Click Continue. They will get a confirmation saying "The following forms were successfully sent to your tax preparer."
    • If importing a 1099 or 1098:
      1. Search for the Financial Institution. A list of the available forms and institutions can be found by clicking here. 
      2. Click on Continue.
      3. Enter the User ID and password for the financial institution.
      4. Click Continue. They will get a confirmation saying "The following forms were successfully sent to your tax preparer."
  6. Click Send More if they have more then one document to send or Sign Out.
  1. Open the Tax Import Client's view to easily see the status of your clients.
  2. Review the Download Status column.
  3. Once the status says ready to Import: open the tax return to complete the import.
  4. Check the forms you want to import and click Import Selected Forms. 

Activating the client and importing the data is an easy three-part process:
  1. Open Lacerte to the Client List. 
  2. Highlight the client you are working with.
  3. From the Import menu, choose Tax Import then Import Client Data from Online Accounts Now...
  4. Click Continue.
  1. On the Intuit Tax Form Dropoff website sign in with your MyAccount Login.
  2. Select the Document Type to download:
    1. W-2 
    2. 1099
  3. Click on Start download
  4. Enter the required information:
    • If importing a W-2:
      1. Enter the EIN from the W-2.
      2. Click Continue.
      3. Enter the Control Number from the W-2.
      4. Enter the Social Security Number from the W-2.
      5. Enter the amount from Box 1 of the W-2.
      6. Click Continue. They will get a confirmation saying "The following forms were successfully sent to your tax preparer."
    • If importing a 1099 or 1098:
      1. Search for the Financial Institution. A list of the available forms and institutions can be found by clicking here. 
      2. Click on Continue.
      3. Have the taxpayer enter the User ID and password for the financial institution.
      4. Click Continue. They will get a confirmation saying "The following forms were successfully sent to your tax preparer."
  5. Click Send More if they have more then one document to send or Sign Out.
  1. Open the Tax Import Client's view to easily see the status of your clients.
  2. Review the Download Status column.
  3. Once the status says ready to Import: open the tax return to complete the import.
  4. Check the forms you want to import and click Import Selected Forms. 

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