The OP said on the first post in this thread it was via the Convert tab.
mikewlaymon, when you said you imported on the convert tab, those two terms contradict in the essence of Nutcracker.
You can EITHER convert, OR import, but you can't import via the convert tab. Both the convert and import are different functions.
A convert will allow you to pick a sequence and convert from one sequencer type to another. Those effects can be in your xL/NC sequence, however they will not be editable.
An import effects will read your sequence and create the equivalent effects in Nutcracker.
Lastly there's an import Data Layers import, however I don't think you took that route.