To import your tax information into TurboTax you must enabled TurboTax under Third-Party Services in Client Portal and generate a Token and Query ID by following the steps below.
- Login to Client Portal
- Click Performance & Reports followed by Third-Party Reports.
- Under Third-party Services select the Configure icon to display the Configure Third-Party Services page
- Check the box next to TurboTax to enable and generate your Query ID and Token, then click Save.
Once enabled you have two options.
- You can use the Token and Query ID as your credentials to link your Interactive Brokers account.
- You can access TurboTax format tax forms in Client Portal by selecting Performance & Reports >Reports >Tax Documents and selecting the TurboTax "TXF" file download for the Form 8949.
Additional Information
- The only tax report for which IBKR supports import to TurboTax is the Worksheet for Form 8949. This IRS form is used by U.S. persons to report the sales of securities. It also serves to reconcile balances reported on Form 1099-B and provides summary computations for Schedule D.
- TurboTax FAQs
- TurboTax Import Considerations