See a step-by-step tutorial at https://www.propersoft.net/howto/qif2qfx
IMPORTANT: QIF2QFX is discontinued and replaced with a new Transactions app (https://www.propersoft.net/products/t..., that converts from more formats and converts to more formats.
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00:00 - Use ProperSoft QIF2QFX converter to convert QIF to QFX (web connect) format and import into Quicken (Windows or Mac).
00:10 - Review transactions before converting. Set INTU.BID, Account Type, and Account ID.
00:16 - Click the 'Convert' button, to create a QFX file.
00:20 - In Quicken, disconnect the account from online services, if needed.
00:25 - To import, click 'File' - 'Import' - 'Web Connect Files'.
00:29 - Choose an existing account to import or create a new account.
00:33 - Review transactions after QFX import.