CNET Editors' review
TXF Creator attempts to save you time and effort with its smooth ability to convert financial files from online investment sites and third-party financial software into tax-friendly formats. Its incredibly simple operation and fast results make for a sure-fire hit with those who invest a lot and file their own taxes.
The program's interface surely could have been more professional; however, its stark, white-space-heavy design did help us stay focused on the task at hand. We never felt confused or lost, thanks to its simplicity, or distracted, thanks to its dullness. The onscreen instructions break down the entire process into seven steps. We were able to pull our investment files from a variety of online sources like E-Trade and Scottrade. From there we simply clicked a few buttons and TFX Creator converted our file to TXF format. We didn't have the proper tax software (such as TurboTax) to test our TXF file with, but our files effortlessly converted and maintained all the information, thanks to TFX Creator's extensive compatibility. The program also offers a handy feature for tracking your history, which seems useful for those with several different accounts to manage and convert. We were pleased with this program's simplicity, but we'd liked to see a more appealing layout.
TXF Creator has a trial limit of 10 stock trades per TXF file. It comes as a compressed file. While its layout was boring, the overall program was simple, and we recommend it.
Publisher's Description
From TXF Express:
Easily converts stock trades from various brokers including TD Ameritrade, EOption, Etrade, Fidelity, Charles Schwab, Interactive Brokers, MB Trading, OptionsXpress, Scottrade, Sharebuilder, ThinkOrSwim, TradeKing, Vanguard and Zecco into the standard TXF format with just a few clicks of the mouse. You can then import your gains and losses into any tax software program that accepts TXF such as TurboTax and TaxCut. Don not spend hours working on calculations for your capital gains tax forms. You can generate a TXF file in less than 30 seconds with our easy-to-use TXF Creator.
What's new in this version: Version 3.0 updates direct support for all listed brokers.
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All versions:
4.6 starsout of 30 votes
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Current version:
4.8 starsout of 5 votes
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My rating:
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Results 1-5 of 5
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"Inexpensive, gets the job done."
Version: TXF Creator 3.0
Pros
Inexpensive, gets the job done.
Cons
None that I can find.
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"The best tool I ever bought for schedule D calculations"
Version: TXF Creator 3.0
Pros
This tax tool is very straightforward to use. It is very nice that the instructions for downloading trades from brokers' sites are included on the first screen of TXF Creator. No trouble in downloading trades from broker and generating .txf files.
Cons
None at all!!!
Summary
This tax tool is worth the money you pay and more.
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"a superb schedule d tax tool yet inexpensive - no joke"
Version: TXF Creator 3.0
Pros
TXF Creator does an amazing job at converting capital gains in the format of csv files and importing into taxcut. It is simple and very inexpensive. Best of all, it works.
Cons
It is kind of slow at processing thousands of trade records. Should I complain about this when I only paid 13 bucks. nope!
Summary
Give it a try! I am sure you will be pleased. no joke.
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"Check out our other product iScheduleD"
Version: TXF Creator 3.0
Pros
1. easy to use
2. most affordable wash sale and schedule D software on the market (starting at $19.99)
3. excellent customer serviceCons
Too good to believe!
Summary
This is the publisher of TXF Creator, TXF Express. We have another product called iScheduleD. iScheduleD can calculate wash sales, manage stock splits and reverse splits, generate Form 1040 Schedule D reports. Starting at $19.99! P.s., most of our competitor software sells well above $100.
TXF Creator gets an average user rating of 4.5 stars out of 28 votes. Please choose "all versions" (instead of the default "current version" from the pulldown menu of "see reviews for" right before the first review. You will see all 28 reviews.
See the trial version at
http://download.cnet.com/iScheduleD-Portfolio-Manager/3000-2047_4-75147579.html
Please also check out our blogs introduci
ng wash sale rules, comparing different wash sale software and many more.
http://txf-express.blogspot.com/2010/03/general-topics-on-wash-sales.html
Updated on Mar 13, 2011
4.0 stars Average user rating:
4.5 stars out of 28 votes you are wondering -
"A useful and inexpensive tax utility for Fidelity gains"
Version: TXF Creator 3.0
Pros
This little tool is very simple to use and works flawlessly with my fidelity realized gains/losses. It saved me a lot of time preparing the schedule d portion in turbo tax.
Their customer service is very helpful.Cons
The online documentation for importing txf files into turbo tax is outdated. Their customer support was responsive and sent me detailed instructions for importing generated txf files into turbo tax.
Summary
This tax tool helps preparing schedule D inexpensively. It does save money and time (money too). Send email to their customer support support@txf-express.com if you run into any difficulties. The responses are immediate, normally within a few hours.
Results 1-5 of 5
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