Does Deluxe desktop support importing a .txf file?

[barthooper]

The feature comparison for desktop https://turbotax.intuit.com/personal-taxes/compare/desktop/ seems to indicate that even basic supports " importing financial data including W-2s, investment and mortgage information".

However a few different community questions have users as of the past few months claiming they are not able to import a .txf file with Deluxe desktop.

Also here it says Premier or Home & Business is needed: https://ttlc.intuit.com/questions/1899278-how-do-i-import-from-the-txf-file (under Importing other .txf files)

[AndreaC1 · Accepted solution]

Yes, the Deluxe desktop version does import from TXF Files that are not for ESPP sales. The information you see here https://ttlc.intuit.com/questions/1899278 regarding Premier and Home & Business is specifically for those importing "capital gains" since Premier or higher is recommended for entering that information when you use desktop software. But Premier or higher is required for capital gain entry when using TurboTax Online software. 

If you go to import capital gains information into Deluxe, it'll prompt you to upgrade to Premier for additional guidance but you can choose to continue in Deluxe version. 

[barthooper]

Thank you. I appreciate the clarification. I had previously read that Premium has "Additional Help for investment sales such as stocks, bonds, royalties, mutual funds and employee stock plans" and I hadn't yet seen that defined anywhere. I do have capital gains, (nothing ESPP) but I have entered them in prior years on other software. As long as that is possible I should be able to proceed on Deluxe without the extra guidance.

[AndreaC1]

You are welcome. And yes, you should still be able to proceed in Deluxe with the capital gain entries if you have no issues handling it on your own. I think the main difference in using Deluxe versus Premier desktop for that is when it comes to Premier providing some additional guidance through cost basis calculations. But Deluxe desktop version supports all same schedules and forms as Premier and higher desktop versions.

[rockkimwhite]

When I try to import capital gains on my cryptocurrencies from Coin Tracking software, it creates a txf file.  But when I try to find the file to import in Turbo Tax, it is greyed out and won't let me select it.

[GiseleD]

You will have to save the file as a .csv file in order to import it. 

@rockkimwhite