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TurboTax has a 3,000 limit on the number of transactions imported from a .TXF file. What should I do if I have exceeded such a limit and have done a large number of day trades?

April 26, 2017exceeded file imported large limit transactions TurboTax

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TurboTax has a 3,000 limit on the number of transactions imported from a .TXF file. What should I do if I have exceeded such a limit and have done a large number of day trades?

1 Answer

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Posted

You may consider using the “Combine Daily Trades” feature from TXF Creator and iScheduleD Portfolio Manager. This feature can help reduce the total number of transaction records in the generated .TXF file. It does not change the total of your capital gains and losses.