TaxCut can import any Tax Exchange Format (TXF) file. Many financial packages now include support for the Tax Exchange Format. The Tax Exchange Format uses an identifier for each category of tax information, and specifies which form and line the data should be imported to.
TaxCut provides full support for the Tax Exchange Format. If you have a program other than Microsoft Money or Quicken, that supports the Tax Exchange Format, read your program's documentation for details about creating a Tax Exchange Format file.
On the Federal tab follow the instructions that TaxCut displays until you get to the Import Data From Financial Software screen.
Select Yes, and then click Next.
Select "Other program that supports Tax Exchange Format (TXF)", and then click Next.
Click Import. TaxCut displays the Import Financial Information from... dialog box.
Select the file you want to import and click Open. If the file you want to import is in a different folder, navigate to that folder and select it. TaxCut automatically imports your data.
From the File menu, choose Import Financial Information. TaxCut displays the Import Financial Information dialog box.
Select "Other TXF", and click OK. TaxCut displays the Import Financial Data from... dialog box.
Select the file you want to import, and click Open. If the file you want to import is in a different folder, navigate to that folder and select it. TaxCut automatically displays the Import Report. You can change the imported information at this time.
As you go through the Interview, TaxCut displays the data that was imported as green text. Change anything you need to at that time. You can also view and change the imported information any time by selecting Review Financial Imports from the Reports menu to display the Import Report.