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Posted by Brew1 on March 22, 2008, 5:30 pm
Please log in for more thread options > In misc.taxes.moderated, Jeff wrote:
> >Thank you for replying. Here is my problem.
>
> >I have both TurboTax and have since purchased TaxCut because of the
> >problem I will explain. In the past several years I have used TurboTax
> >to prepare my taxes downloading the relevant info from my broker
> >directly ionto TurboTax. This year when I tried to download the info,
> >TurboTax put up an error message saying that the download contained more
> >than 3,000 transactions and TurboTax was not designed to handle or
> >calculate that much (!). It aborted the parsing of the data into its
> >program and told me to contact Intuit support to get a refund. I called
> >them and they confirmed that TurboTax cannot handle more than 3,000
> >transactions. (I do not really want the refund. I want it to handle the
> >download!)
>
> >So, I purchased Taxcut (which I have avoided in the previous years
> >because it does not permit direct download import from the financial
> >institutions). Taxcut will allow import from Quicken (which I own) and
> >from a txf file. Unfortunately, my broker provides my 1099B data in the
> >form of a printed statement (means an enormous lot of manual entry
> >assuming that Taxcut can handle over 3,000 transactions which their
> >support said it could) or as a pdf file. I need to somehow convert the
> >pdf data from my borker into an Excel spreadsheet that I can then
> >convert into a txf file that Taxcut can import.
>
> >I do own Quicken Deluxe, but I am not that confident that the data I
> >have in it will match the 1099B that the broker sends to the IRS and
> >that could cause me problems with the IRS .......
>
> >I am trying desperately not to have to manually enter over 3,000
> >transactions!
>
> >Any suggestions or help appreciated.
>
> Try getting the Smith Barney file to download to your computer as a
> Tax Exchange File (TXF) from the SB website. Then import that to
> TaxCut. I don't know that it will work there, but it is certainly
> worth the try.
>
> If it is an interface to TurboTax directly, you may be out of luck.
> If it is the case that the file simply routes the file to your old
> TurboTax, try downloading to a computer that has never had TurboTax
> on it and see if the file comes in then. Alternatively, get rid of
> the current file association for TXF files to TurboTax.
>
> --
> << ------------------------------------------------------- >>
> << The foregoing was not intended or written to be used, >>
> << nor can it used, for the purpose of avoiding penalties >>
> << that may be imposed upon the taxpayer. >>
> << >>
> << The Charter and the Guidelines for submitting posts >>
> << to this newsgroup as well as our anti-spamming policy >>
> << are atwww.asktax.org. >>
> << Copyright (2007) - All rights reserved. >>
> << ------------------------------------------------------- >>
See if it (Taxcut) asks you on the Schedule D if you want to "attach
Broker Statement." This will
generate an 8453 with "attach Schedule D-1 or equivalent" checked,
which you mail in
with your brokerage statement. So the return is e-filed with one form
sent into the IRS.
========================================= MODERATOR'S COMMENT:
Please delete all unnecessary material from the prior message when
responding.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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