Wise + TurboTax: Bridge the Gap
Need to get your Wise (formerly TransferWise) bank statement into TurboTax? Wise uses DD-MM-YYYY and multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance — which needs converting to CSV (N/A — TurboTax is tax filing software. Use BankScan AI output as a working reference to complete income and deduction sections.) for TurboTax import.
How BankScan AI Converts Wise for TurboTax
BankScan AI converts bank statement PDFs to organized CSV files that help you identify deductible expenses and verify income during TurboTax preparation. Wise multi-currency statements include transactions in multiple currencies with exchange rates. BankScan AI preserves currency codes, rates, and fee breakdowns.
How It Works
Upload your Wise PDF
Drag and drop your Wise statement. Supports PDF, CSV with DD-MM-YYYY handling.
AI converts for TurboTax
Our AI parses Wise's layout, converts dates to MM/DD/YYYY (for reference), and outputs CSV.
Import into TurboTax
TurboTax doesn't import bank CSVs directly. Use BankScan AI to convert PDFs to Excel, then sort transactions by category to identify deductible expenses for manual entry into TurboTax.
TurboTax Import Tip
N/A — TurboTax is tax filing software. Use BankScan AI output as a working reference to complete income and deduction sections.
Wise to TurboTax Features
- Wise optimised — Trained on Wise's multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance with DD-MM-YYYY parsing
- TurboTax formatted — Output as CSV with N/A — TurboTax is tax filing software. Use BankScan AI output as a working reference to complete income and deduction sections.
- Date conversion — Converts DD-MM-YYYY to MM/DD/YYYY (for reference) automatically
Import Wise Data into TurboTax
After converting your Wise statement with BankScan AI:
- TurboTax doesn't import bank CSVs directly
- Use BankScan AI to convert PDFs to Excel, then sort transactions by category to identify deductible expenses for manual entry into TurboTax
Common Import Issues
No direct import. Common mistake: trying to upload CSV into TurboTax. Instead, use the spreadsheet to verify W-2 income, identify 1099 payments, and find deductible expenses.
Import Wise into TurboTax Today
Automatic date conversion (DD-MM-YYYY to MM/DD/YYYY (for reference)), column mapping, and format validation.
Import Wise to TurboTax Free