TXF Creator

TXF Creator

Download Editors' Rating:
4
Excellent
Average User Rating:
4.6
out of 33 votes

Quick Specs

  • Version:
    2.0
  • Total Downloads:
    14,449
  • Date Added:
    Feb. 22, 2010
  • Price:
    Free to try (10 stock trades per TXF file); $6.99 to buy (Buy it now)
  • File Size:
    4.43MB
  • Downloads Last Week:
    10
  • Platform:
    Windows
  • Product ranking:
    #22 in Tax Software

Editors' Review

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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.

 
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Publisher's Description

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User Reviews
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Results 1–8 of 8

4 stars

"A great tool for stock traders with many transactions."

March 08, 2011  |  By Gigem77

 |  Version: TXF Creator 2.0

Pros

Inexpensive and easy to use. The import into Turbo Tax was fast and without error. Also, I was able to e-file with TT instead of printing and mailing 85 pages.

Cons

Anybody who has worked with TXF files will have no problems. A bit more documentation would help first timers.

Summary

Customer support was excellent. The product works and fills a gap in the tax programs.

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5 stars

"Quick and accurate"

February 22, 2011  |  By sar8303

 |  Version: TXF Creator 2.0

Pros

Easy to use.

Cons

None, unless you like to spend time input data.

Summary

I chose competing software for Schedule D creation and it overstated my sales by a large amount. I then looked this up and used. The work took me 3-4 minutes, data was accurate, Schedule D data safely in my Turbo Tax. I had a billing question and the support was immediate and helpful.

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5 stars

"Great Program"

April 09, 2010  |  By rjt4re

 |  Version: TXF Creator 2.0

Pros

Does what it says and more!
Takes multiple formats in and puts out the correct txf

Cons

none at all

Summary

beats paying Intuit $30 for a premium upgrade!

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5 stars

"Announcement of iScheduleD from TXF Express"

April 06, 2010  |  By TXFExpressLLC

 |  Version: TXF Creator 2.0

Pros

Announcement of iScheduleD from TXF Express

Cons

Announcement of iScheduleD from TXF Express

Summary

This is the publisher of TXF Creator, TXF Express. Thank you all for your interests in TXF Creator. We have another product called iScheduleD which can help you generate schedule D. iScheduleD can calculate wash sales, manage stock splits and reverse splits, generate and print Form 1040 Schedule D reports.

See the trial version at
http://download.cnet.com/iScheduleD-Portfolio-Manager/3000-2047_4-75147579.html?tag=mncol

Please also check out our blogs introducing wash sale rules, comparing different wash sale software and many more.

http://txf-express.blogspot.com/2010/03/general-topics-on-wash-sales.html

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5 stars

"Cheap, simple, and easy to use .txf application"

February 28, 2010  |  By Masterjkd

 |  Version: TXF Creator 2.0

Pros

Simple to use. Inexpensive. Intuitive. Good interface. Covers a lot of major online brokerage houses. Small footprint on your hard drive.

Cons

No major cons that I can think of.

Summary

This is a simple product that does what it's designed to do: organize your online brokerage transactions into an orderly format, ready to be imported into your tax software. Many online brokerage houses lets users download their yearly transactions, but only in .csv or .xls file format. This application takes the .csv or .xls format, then organize it and convert it into a .txf format... A file format recognizable by many tax preparation software. Making it easy to import the data and let the tax software do its job. Besides having excellent features, the low price of this application alone beats out several other more polished, yet more expensive softwares out there doing the same things. Highly recommended.

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5 stars

"It does a good job."

February 27, 2010  |  By kratikrati

 |  Version: TXF Creator 2.0

Pros

The software is inexpensive. Only a few steps are needed to generate *.txf files.

Cons

In terms of 7 bucks I paid, there aren't cons i can think of. All in all, the vendor might want to make the software user interface a bit more attractive.

Summary

It is a useful tool and does save a lot of time on preparing schedule d forms.

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4 stars

"Very useful and does what the editor and publisher said"

February 24, 2010  |  By cpa101-lee

 |  Version: TXF Creator 2.0

Pros

I was thinking to buy TradeLog this year. After reading editors review, I contacted the seller of txf creator and asked about their support for interactive brokers. This software does a wonderful job on wash sale adj records.

Cons

Their website does not provide any information on how to handle wash sales though their software does a fairly good job. I would have wasted a lot of money if I had not contacted their customer service.

Summary

Thanks to cnet editors. Their recommendation saved me a couple hundred dollars. What a sweet deal!

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5 stars

"A real time saver for preparing schedule d forms"

February 24, 2010  |  By LoveChrome

 |  Version: TXF Creator 2.0

Pros

I got the latest release and it rocks. Had no trouble in converting my sharebuilder transactions to txf files and importing into taxcut. simple, inexpensive, accurate to pennies.

Cons

Had to replace ReinvDiv with Buy to handle dividend reinvestement. Got an upgrade after contacting customer service.

Summary

It is gratifying that customer service helped me handle reinvestment records and sent me an updated copy. Great customer service.

Updated on Feb 24, 2010

Got the unlimited edition to replace the basic one bought last year as i had a fairly large number of trades from sharebuilder and etrade. Need to buy the unlimited once for all.

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Results 1–8 of 8

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Full Specifications

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What's new in version 2.0
Version 2.0 updates support for several brokers.
General
Publisher TXF Express
Publisher web site http://www.txf-express.com
Release Date February 21, 2010
Date Added February 22, 2010
Version 2.0
Category
Category Business Software
Subcategory Tax Software
Operating Systems
Operating Systems Windows 3.x/95/98/Me/NT/2000/XP/2003/Vista/Server 2008/7
Additional Requirements Java Runtime Environment 6.0/Java Development Kit 6.0
Download Information
File Size 4.43MB
File Name TXF_Creator_4.0_Demo.zip
Popularity
Total Downloads 14,449
Downloads Last Week 10
Pricing
License Model Free to try
Limitations 10 stock trades per TXF file
Price $6.99

Previous Versions:

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