How well does TurboTax work with importing from Interactive Brokers

    You can only import a TXF file using the Turbo Tax desktop (disc based) product.

    Here's a quote from the Interactive Brokers site:

    "View Form 8949 Worksheet using TurboTax
    Log into Account Management and choose Tax Forms (Report Management). Select TurboTax TXF Format from the drop down menu and click View Report. Note that there is a limit of 3,000 transactions using this format.

    Also note that the TXF import is only available on the TurboTax desktop product.

    Note: Currently, TurboTax only supports reported wash sale adjustments and not other adjustments. Accounts with non-supported adjustments will be unable to download the Form 8949 Worksheet in TXF format."

    I hope this helps!
      If you are over the 3000 limit, you can use TXF Creator to convert IB Form 8949 worksheet (CSV file) to TXF file. Then you can use TXF Reader to reduce the number of records in the generated TXF file below 3000.  

      TXF Creator

      TXF Reader
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