We do not provide detailed step-by-step instructions for importing TXF data into TurboTax®. Our users have found the Form 8453 method to be the simpler and most accurate way to e-file with TradeLog reporting.
Importing Form 8949 transactions from a TradeLog generated TXF file is only supported in TurboTax® Desktop versions. If you are using TurboTax® Online you will need to follow the instructions for Entering Form 8949 Totals Into TurboTax®.
Important Notes:
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If you need to include a statement explaining Form 8949 differences and adjustments, use the Form 8453 e-filing method instead.
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TurboTax® is not owned or controlled by TradeLog. Therefore, we do not provide technical support for the use of TurboTax® products. We provide only basic instructions for general use with TradeLog reporting. Please contact TurboTax® for specific assistance using their product.Warning: Do not enter broker 1099-B data into TurboTax® for trades/accounts for which you are using TradeLog, as this will incorrectly be added to Form 8949! If you have already entered such 1099-B data, you must delete it from TurboTax® before proceeding with the TXF import!
Once you have exported the TurboTax® TXF file from TradeLog, you are ready to import into TurboTax®.
Import your TradeLog generated TXF file into TurboTax® Desktop versions
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Open your return in the desktop program
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Click on the FILE menu, and in the dropdown choose IMPORT.
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In the second dropdown menu choose "From accounting software."
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On the next screen make your choice, and Continue.
See our FAQ on How to Prepare Trader Taxes
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