I was able to import the consolidated Tax form from TD Ameritrade. So it did import 1099-DIV, 1099-INT, 1099-B. I noticed it didn't have a dropdown for Schwab, Vangaurd, Fidelity which are some of my other accounts. However I do most of my trading in TDA with close to 400 Options trades last year I would be here until next tax season trying to input all those in by hand.
I do give the nod to TT for ease of use and interface design over TaxAct, and will be using TT next year. Since, as you mentioned, this shouldn't be an issue after the first year.
