Importing cap gains data into tax programs.

I am using TaxCut and it only accepts .txf files. And the only way you can get .txf files is to use a financial program such as Quicken or MS Money. I can download cap gains data from my broker (Schwab), but it's in Excel or related formats. Is there a way to import Excel files into TaxCut? Or convert Excel files into .txf format?

Reply to
PeterL
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I suggest you download your Broker's Excel file and rearrange (if niecessary) the columns in the (a) through (f) format of Schedule D1, total the long and short term items, and carry the totals to TaxCut's line 2 and 9 of ScheduleD. Call it a 1040 D-1, put on your name and SS# and attach a print-out them (long term and short term) to your Tax Cut return. Sorry, can't e-file this. There are programs available to do this for you, but it's so simple.

ed

Reply to
ed

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looks promising. I tried itout by pasting the example lines into the blank input box, and itseemed to work.

Reply to
DF2

TurboTax has an option to import tax data directly from most financial institutions. Are you sure TaxCut doesn't have something similar?

Reply to
Barry Margolin

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