Importing Information into TurboTax

Scottrade provides you with two options to import information into TurboTax®.

Using TurboTax® to Import

You can import your Scottrade 1099 directly into TurboTax®. This will require that you input your Scottrade login information before TurboTax® imports your data. This option is available for both the online and download versions of TurboTax®.

If you would like to import the Form 1099 for your Scottrade account using the desktop version of TurboTax® (store bought or downloaded), you can do so using the following steps:

1. Open TurboTax®.

2. From the File menu, select Import, then From Financial Institution.

3. Select Scottrade, Inc. from the list and then click Continue.

4. Enter your account number and password and then click Continue.

5. Select the information you want to import and click the Import Now button.

If you would like to import the Form 1099 for your Scottrade account using the online version of TurboTax®, you can do so online using the following steps:

1. Open TurboTax®.

2. Within your return, select Federal Taxes from the top menu.

3. Then select the Wages & Income sub-section.

4. Click the View button within the Import section.

5. Select to Add Other Documents.

6. Select Scottrade, Inc. from the list and then click Continue.

7. Enter your account number and password and then click Continue.

8. Select the information you want to import and click the Import Now button.

Exporting from Your Scottrade Account

You can also import a TXF file from the Gain/Loss & Tax Center located within your account. This option is available for the download version of TurboTax® product only.

Download Gain/Loss & Tax Center information into a TXF file:

  1. Log into your account at www.scottrade.com.
  2. Click the My Account tab.
  3. Click the Gain/Loss & Tax Center link on the left menu.
  4. Click on the Tax Reports tab.
  5. Select the year you wish to download and click GO.
  6. A dialogue box will appear: Click Save, then select Desktop on the left side and click Save.

Log into your TurboTax® software and import the TXF file:

  1. Open TurboTax®.
  2. From the File menu, select Import, then From Account Software.
  3. From the list, select Other Financial Software (TXF File) and then click Continue.
  4. Select the file you want to import and click the Import Now button.

Keep in mind that the TXF file includes realized transactions only and does not include interest and dividend information.

It is important to verify the accuracy of the Gain/Loss & Tax Center report. After importing the TXF file into tax preparation software, compare the results of the tax software with the Tax Center realized report and edit imported data if necessary.

Scottrade does not provide tax advice. The material in this article is for informational purposes only. Please consult your tax or legal advisor(s) for questions concerning your personal tax or financial situation. Scottrade and Intuit are not affiliated.

The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.