How To File Your Trades With Turbo Tax

How To File Your Trades With Turbo Tax

TraderFyles integrates directly into TurboTax to make it easier for investors to report trading activity on their tax returns. Users can now automatically import data created in TraderFyles to their TurboTax account.

First complete your tax forms with Traderfyles.  Next, go to your TraderFyles Tax Forms and Select "New Document" and create a "Turbo Tax Integration Report".

Start your tax return in TurboTax (CD/Download/Desktop).  Note that the transaction limit using this version of turbo tax  is 3,000.  If you are above 3,000 transactions, refer to the instructions here for sending your 8949 separately.

On TurboTax, select File -> Import -> From Accounting Software (Windows) or File -> Import -> From TXF Files (Mac)

Select Software (TXF file) and click Continue

Select the TXF file you saved from TraderFyles and click "Import Now"

Click Done on the next screen

To review the added information, go to Personal -> Personal Income and scroll down to Investment Income

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