- Importing from Quicken .txf file
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Create a Quicken .txf File to Import into TurboTax Desktop
Updated: 1/22/2009
Article ID: 266
You can save your Quicken information into a .txf file, and then import that information into TurboTax.
Notes:
- TurboTax does not support import .txf (tax exchange file) files for Employee Stock Purchase Plan (ESPP) sales. They must be manually entered in to TurboTax.
- You can import Quicken information directly into TurboTax without having to create a .txf file (see Import into TurboTax Desktop or Import into TurboTax Online). However, there are times when you'll need to create a .txf file, such as when Quicken and TurboTax are on different computers or if you are experiencing problems importing directly from Quicken.
- You must create a separate .txf file for capital gains (except for ESPP sales) so you can import this information into Schedule D in TurboTax.
- TurboTax Business software does not support import from Quicken.
Select a link below to go directly to a section:
Create the .txf file from Quicken for Windows
Take the following steps:
- Start Quicken and open the Quicken file containing the information you want to import.
- From the Quicken Reports menu, select EasyAnswer or Reports & Graphs Center.
- Select Tax, and then, depending on which .txf file you want to create, select either Tax Schedule (for export to TurboTax) or Capital Gains.
- Select the appropriate date range, and then select Show Report.
- Select Export Data, and then select Report to tax export file.
- Select the file location. We recommend saving to the the Desktop because it's easy to remember.
- In the File name field, enter the desired file name and then select Open. (Quicken supplies the .txf file name extension.)
- Follow the instructions below to Import the .txf file into TurboTax.
Create the .txf file from Quicken for Macintosh
Take the following steps:
- Start Quicken and open the Quicken file containing the information you want to import.
- From the Quicken Activities menu, select Reports & Graphs. Then, select Reports.
- Depending on which .txf file you want to create, either select Tax Schedule on the Standard tab, or select Capital Gains on the Investment tab.
- Select the appropriate date range, and then select Create.
- With the report open, select File, and then Export Report.
- Select the file location. We recommend saving to the Desktop because it's easy to remember.
- In the Save As field, enter the desired file name and then select TURBOTAX (TXF).
- Select Save.
- Follow the instructions below to Import the .txf file into TurboTax.
Import the .txf file into TurboTax
After you create the .txf file from Quicken, you're ready to import it into TurboTax. Here's how:
- Open TurboTax.
- From the File menu, select Import, and then select From Accounting Software.
- From the list, select Other Financial Software (TXF file), and then select Continue.
- Select the file you want to import.
If you don't see the file in the list, select Browse To Find File in Windows or the Browse button in Macintosh. Select the file from the location where you stored it, and then select Open in Windows and Choose in Macintosh. - Select Import Now in Windows or Continue in Macintosh.
- Select the information you want to import into TurboTax, and then select Import Now.
