Convert Your Schwab 1099-B to TurboTax TXF in 60 Seconds
Upload your Charles Schwab 1099-B PDF and we'll convert it to a TXF file ready for TurboTax. Wash sales and 100+ transactions handled automatically.
Why Schwab 1099-Bs Don't Import Cleanly Into TurboTax
Every broker formats their 1099-B differently. Here's what trips up TurboTax users with Charles Schwab statements.
Schwab's consolidated 1099 mixes covered and non-covered lots in the same table, breaking direct imports into tax software.
Wash sale loss disallowed amounts appear as footnoted adjustments instead of inline columns.
TD Ameritrade legacy accounts (acquired by Schwab) export with a different column order than native Schwab statements.
Upload PDF
Drop your 1099-B
AI Extracts
Reads every transaction
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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 Charles Schwab?
Yes. Our AI extractor reads every text-based 1099-B PDF from Charles Schwab, including consolidated statements with multiple sections, and outputs a TXF file formatted for TurboTax.
How is this different from TurboTax's built-in Schwab 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 Charles Schwab 1099-B. The output file preserves these adjustments so TurboTax handles Form 8949 correctly.
Does this work for Schwab consolidated 1099s with TD Ameritrade legacy data?
Yes — both Schwab native and TDA legacy layouts are supported in the same upload, no manual splitting required.
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Read guideReady to Convert Your Schwab 1099-B?
Upload once and download your TXF for TurboTax in under a minute.