Convert Merrill 1099-B to TurboTax (TXF)
Upload your Merrill Lynch 1099-B PDF and we'll convert it to a TXF file ready for TurboTax. Wash sales and 100+ transactions handled automatically.
Why Merrill 1099-Bs Don't Import Cleanly Into TurboTax
Every broker formats their 1099-B differently. Here's what trips up TurboTax users with Merrill Lynch statements.
Merrill Edge and Merrill Lynch use slightly different 1099-B layouts depending on the underlying account type.
Bond and treasury accrued interest adjustments are interleaved with equity sales in the same table.
Section 1256 contracts (futures/index options) get their own page that imports rarely catch.
Upload PDF
Drop your 1099-B
AI Extracts
Reads every transaction
Download
CSV, TXF, and Excel
Import
TurboTax, H&R Block
How to Import Your TXF Into TurboTax
After downloading the file from our converter, follow these steps in TurboTax.
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1
Open TurboTax Desktop (Premier, Home & Business, or higher — TXF import is not available in TurboTax Online).
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2
Go to File → Import → From Accounting Software.
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3
Select 'Other Financial Software (TXF file)' and choose the file you downloaded.
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4
TurboTax will auto-fill Form 8949 and Schedule D with all your transactions, including wash sale adjustments.
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5
Review the imported summary and continue with the rest of your return.
Frequently Asked Questions
Does this work for Merrill Lynch?
Yes. Our AI extractor reads every text-based 1099-B PDF from Merrill Lynch, including consolidated statements with multiple sections, and outputs a TXF file formatted for TurboTax.
How is this different from TurboTax's built-in Merrill import?
Direct broker imports often fail with 100+ transactions, miss wash sale adjustments, or refuse to load consolidated statements. We bypass that by reading the PDF directly and producing a clean TXF file.
Is my data secure?
Your PDF is processed in memory and immediately deleted. The extracted text is sent to our AI service over an encrypted connection. No files or financial data are stored after your session ends.
What does it cost?
The CSV preview is free for your first 3 uploads each month. Unlocking the TXF download for TurboTax is $4.99 per conversion — no subscription required.
What about wash sales and adjusted cost basis?
We extract wash sale loss disallowed amounts and adjusted cost basis exactly as reported on your Merrill Lynch 1099-B. The output file preserves these adjustments so TurboTax handles Form 8949 correctly.
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Read guideReady to Convert Your Merrill 1099-B?
Upload once and download your TXF for TurboTax in under a minute.