Yes, the .TXF file is provided for all IBKR account types subject to the following:
- The account in question has qualifying transactions required to be reported on the Worksheet for Form 8949, and;
- Those transactions do not include IRS required codes which TurboTax does not support. If they do, you will receive an error message when attempting to download the TXF file (i.e., “The worksheet which IB prepares to assist with completing Form 8949 is compiled in an IRS compliant format and may contain transactions having IRS gain/loss adjustment codes which TurboTax does not support. As proper transaction coding is essential to the filing of a true and complete Form 8949, TXF file export is not provided in those instances where the file contains a code which TurboTax does not allow to be imported. In those instances, a file download error message will appear and an alternative TurboTax supported method may be used. Please refer to KB2026 for additional details.”). Here, TurboTax offers an alternative method which allows one to enter summary numbers from the worksheets into the electronic version of Form 8949, file electronically and mail in a schedules of trades thereafter. Find detailed instructions for this method in the related Knowledge Base article.