TXF Reader can generate Schedule D reports (Form 8949), combine TXF (Tax eXchange Format) records, and convert TXF files to CSV (Comma Delimited) files. You can import capital gains and losses in the TXF format into a spreadsheet application (e.g., MS Excel) for history tracking. The generated CSV file is useful for Schedule D Form 1040 generation. In general, tax preparation software such as TurboTax and TaxCut has a limit on the total number of records imported from a TXF file. For example, you can not import more than 3,000 TXF records into TurboTax. If you are an active investor and have more than 3,000 transaction records, you may consider buying TXF Reader to reduce the total number of transaction records and generate a smaller TXF file for import into tax preparation software. The reduction is done by combining multiple gain/loss record of the same security symbol, of the same acquired date and of the same sold date into one. TXF Reader is downloadable software with a single-user license.