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I have to manually review 100+ investment sales imported by txf file each year. Why do I see a please wait button after every click? How can this be so slow?

 
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I have to manually review 100+ investment sales imported by txf file each year. Why do I see a please wait button after every click? How can this be so slow?

Where are you importing from? A TXF file would be generated by either accounting software or brokers that don't partner with Turbotax. If a broker partners with Turbotax there is no TXF file. It's a direct transfer from the broker into Turbotax.  Thru the step file > import>from financial institution.  The FI will not have the electronic transfer file ready until towards the end of January or later in 2025. 

 

 

as to why you're having issues with aTXF, perhaps the data is inconsistent or incomplete. you can actually open the file with MS Word or Wordpad. There is probably a similar app for MACs

 

I tried and import from Quicken and did not have the issue you're experiencing

 

I have to manually review 100+ investment sales imported by txf file each year. Why do I see a please wait button after every click? How can this be so slow?

The problem is that I need to know the format for investment type.

 

Brokers does not include the cost basis for the past 15 years, making it worse than manually creating the TXF file with https://easytxf.com/ where I have to review every single transaction imported to select investment type = bond. 

 

I could create the file myself if I knew the format required.  I've asked TurboTax for years, and they never would tell me.

 

 

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