TurboTax + Landlords: Faster Bank Import
Landlords managing multiple properties need to track rental income and expenses from bank statements for tax returns. If you use TurboTax for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Landlords Using TurboTax
BankScan AI converts any bank statement PDF to CSV formatted for direct import into TurboTax. Convert your bank statements to Excel to easily categorise rental income, maintenance costs, and mortgage payments for self-assessment.
The Landlords + TurboTax Workflow
Landlords review bank statements to confirm tenant rent payments have been received, match maintenance invoices against bank debits, track mortgage interest payments for tax relief calculations, and collate all property-related transactions for their self-assessment tax return or accountant.
Key terms you'll encounter: rental yield, Section 24, allowable expenses, wear and tear allowance.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 1-2 hours per property per month on income and expense tracking, with portfolio landlords saving a full day each month across 10+ properties
AI formats for TurboTax
Output as CSV with N/A — TurboTax is tax filing software. Use BankScan AI output as a working reference to complete income and deduction sections. — dates in MM/DD/YYYY (for reference).
Import and reconcile
TurboTax doesn't import bank CSVs directly. Use BankScan AI to convert PDFs to Excel, then sort transactions by category to identify deductible expenses for manual entry into TurboTax. TurboTax's expense finder feature works alongside BankScan AI data — cross-reference your converted statements with TurboTax's deduction suggestions for maximum tax savings.
Supported Banks
BankScan AI works with all major UK and US banks, including:
TurboTax Features for Landlords
- TurboTax ready — Output formatted as CSV matching TurboTax's expected column structure
- Smart integration — TurboTax's expense finder feature works alongside BankScan AI data — cross-reference your converted statements with TurboTax's deduction suggestions for maximum tax savings.
- Built for Landlords — Saves 1-2 hours per property per month on income and expense tracking, with portfolio landlords saving a full day each month across 10+ properties
- Software compatible — Output works directly with Excel, Hammock, Landlord Vision
Import Steps for Landlords Using TurboTax
As landlord, here's how to get bank data into TurboTax:
- TurboTax doesn't import bank CSVs directly
- Use BankScan AI to convert PDFs to Excel, then sort transactions by category to identify deductible expenses for manual entry into TurboTax
Common Import Issues
No direct import. Common mistake: trying to upload CSV into TurboTax. Instead, use the spreadsheet to verify W-2 income, identify 1099 payments, and find deductible expenses.
TurboTax Import — Built for Landlords
Dominant US consumer tax software with 40+ million users. Ranges from Free Edition to Self-Employed tier covering Schedule C, E, and K-1 filers.
Try Free — TurboTax + Landlords