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Last post 05-11-2008, 11:40 AM by Arnie56. 26 replies.
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  •  02-13-2008, 3:26 AM 23558 in reply to 23556

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    I can't freakin believe that they just started charging for this Gainskeeper tool two weeks ago. Zecco is being sneaky lately with making their 40 trades a month go down to 10, charging their customers now just to export their tax data into Turbotax and other programs. It's not seeming like the great deal it seemed to be when they were all over MSNBC and such at their start.

    But I did sign up for Gainskeeper, but how do I actually get my 1099-D data to go into Turbotax online? It said the export option is only for paper filing, not electronic. I don't get it.
    www.seanhiggins.net

  •  02-13-2008, 9:26 AM 23562 in reply to 23558

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    You should be able to download your trades from Zecco to Excel to TurboTax. Been years since I used turbo tax but I know i can do it from Zecco / Other trading sites to excel to quicken.

  •  02-13-2008, 4:12 PM 23589 in reply to 22927

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    If you wait until Feb. 18th, Zecco will send you the 1099 information. Whenever a brokerage supplies the 1099 info, you don't need to list each stock trade; only the total cost and total gain. For schedule D, simply list "various" as the dates and enter the cost basis and gains for the year. The IRS really doesn't care what you send in as Zecco will provide the "real" information. This is mentioned in the 1040 Instructions document provided on the http://www.irs.gov website.

  •  02-15-2008, 1:04 AM 23660 in reply to 23562

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    Some have written that it is as easy as typing in your gainskeeper user ID and password?

    Thanks to the posters that answered my questions about calculating gains/loss in turbotax.

    Did anyone use the wash sale tool available through this website? Or did turbo tax also take in to account those types of trades too?

    Looks like I'll be going with Gainskeeper + Turbotax premier. Save me a few hundred dollars vs. an accountant.

  •  02-15-2008, 1:59 AM 23662 in reply to 22927

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    I've just done with my Tax Return using TurboTax. I downloaded the trading history into Quicken. If you have quicken, all you have to do is import it into quicken and have it running when you file the tax return in TurboTax. It will go thru easily after a few question.
    By the way, I used TurboTax Premium 07, and Quicken Premium 08.

  •  02-21-2008, 12:08 AM 23927 in reply to 23662

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    So what all does GainsKeeper import into TurboTax?  If I use it, do I still need to enter any information from the 1040 forms that Zecco sent out, or does GainsKeeper handle it all?

    Also, does GainsKeeper import the interest from Zecco's Money Market account?

    Afterthought:  Also, does GainsKeeper import dividends into TurboTax?

  •  03-08-2008, 2:51 PM 24861 in reply to 23446

    Re: Importing Stocks Sales Records into TurboTax (and TaxAct too)

    Reply Quote

    Hayden708 - YES, YES!  That's is the magic answer.  To elaborate a bit more, open up gainskeeper (after subscribing), and a separate window will pop up.  In this window, select "MY SETTINGS" from the top horizontal tab.  Presto, there it is: "Tax Prep ID" + "Password".

    I use TaxAct and I needed these parameters to do the import, which took all of 2 seconds once I had the correct login ID + password.  This is the only option for getting the data into TaxAct as it does not offer import from a file export. 

    Zecco.com - I hope your listening.  I asked this question via email to your customer support team and they gave me an entirely wrong answer.  Other than that, you guys are great.

  •  03-08-2008, 2:52 PM 24862 in reply to 24861

    Re: Importing Stocks Sales Records into TurboTax (and TaxAct too)

    Reply Quote
    By the way, I had close to 200 transactions and $25 is well worth it just for the schedule D.  I also like the gainskeeper features throughout the year for measuring my trading performance.

  •  03-08-2008, 3:01 PM 24863 in reply to 24861

    Re: Importing Stocks Sales Records into TurboTax (and TaxAct too)

    Reply Quote
    Note of caution - the import combined all accounts - taxable and IRA included.  I had to manually delete the IRA transactions from TaxAct.

  •  03-27-2008, 5:38 PM 25855 in reply to 22927

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    I have made a software to calculate the short term and long term gain. You can download it from here: http://htai.110mb.com/download.html

    It only works if you only have stock trades, no options trade. Send me a sample of the file including options trade if you want me to help you implement it. My email can be found in the website.

    It is used as following steps:
    1. File -> Open then choose the csv file your download from zecco
    2. Select Zecco comma csv
    3. Enter the year and press calculate.

    I maybe a little late to post this...

  •  03-30-2008, 5:03 PM 26027 in reply to 24861

    Re: Importing Stocks Sales Records into TurboTax (and TaxAct too)

    Reply Quote
    I am again late to get my taxes done. My question is this: the 25$ Gainskeeper is only for 6 months. So once I spend 25$ would I be able to import my entire 2007 entries into TT premier?

    I suspect we need to buy Gainskeeper for a year to be able to import ALL of 2007 entries into TT??

    If not, then Gainskeeper offers a month's free trial (from their website -- and without Schedule D). So could I use that trial to import all of my 2007 trades (stocks + options) into TT???

    Any help GREATLY appreciated. Thanks much!
    Newbie_to_taxes!

  •  05-11-2008, 11:40 AM 28892 in reply to 22927

    Re: Importing Stocks Sales Records into TurboTax

    Reply Quote
    You can use TurboTax to import but you have to buy the more expensive version of Turbo.  It's worth it though!
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