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Tax Season – How To Properly Import Trades From Scottrade And InteractiveBrokers
Posted by Artem Russakovskii on April 5th, 2008 in My Favorites, Stuff
Updated: July 30th, 2021
Why do I dread doing taxes every year? One of the main reason was having to figure out ways to import hundreds of transactions from my stock brokers: Scottrade and InteractiveBrokers. I love IB but come on, it's 2008 and they still don't provide .txf files to import into TurboTax (or TaxCut, but I use TurboTax myself). Scottrade, on the other hand, is directly importable through TurboTax but it only imports sale amounts and not purchases, so TurboTax thinks I got my stocks for free and wants to tax me on the full sale amount rather than the profits. That is, of course, very incorrect. Here are the best solutions I could find to these problems:
1. Scottrade….
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beer planet is a blog about technology, programming, computers, and geek life. It is run by Artem Russakovskii - a local San Francisco geek who is currently pursuing his own projects and regularly enjoys hacking Android, PHP, CSS, Javascript, AJAX, Perl, and regular expressions, working on Wordpress plugins and tools, tweaking MySQL queries and server settings, administering Linux machines, blogging, learning new things, and other geeky stuff.
