rjs
Level 15
Level 15

Get your taxes done using TurboTax

TurboTax has a very limited capability to import .txf files. See the FAQ at the following link.

https://ttlc.intuit.com/questions/1899278-how-do-i-import-from-the-txf-file

Note that only the CD/Download TurboTax software can import a .txf file, not TurboTax Online and not TurboTax Business.

Also note the important point that VolvoGirl made in a comment above. TurboTax is used to prepare tax returns. Therefore, it only uses yearly totals. If you're going to import any information into TurboTax, you would do it only once, after the end of the year, when the tax return is being prepared. You talk about importing quarterly and yearly "reports" into TurboTax, but TurboTax has no use for reports, and doesn't import reports. And it has no use for quarterly data. It just imports year-end tax data. Furthermore, information about individual invoices is not used in a tax return. The only information from an invoicing app that would be useful for a tax return is the total amount actually paid (received) during the year, or the total amount invoiced if the business uses the accrual method. But that's just one total for the year. It would be much easier to key in the total income manually than to import a .txf file.

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