Detailed Instructions |Form 8949 Capital Gain & Wash Sales calculator software

Adjust Trades


TradeMax provides you with a powerful function to adjust your trades

For example, companies may spinoff or merge. Brokers vary widely as to report it on their statements. It is impossible to automate the importing of these transactions in TradeMax, so manual adjustment is required by the user to account for the new stock.

    1. Stock Split/Reverse split

TradeMax allows you to split your trades easily.

    1. Stock Merge
      A merger is the combination of two or more corporations into one. Manual adjustment is required by the user to account for the new stock because the various brokerage statement.
    2. Stock Spin off
      A corporate action in which a company’s existing shares are divided into multiple shares.
    3. Inc-Income( Div, Int, etc)
      • You can achieve better control over your finances. The more TradeMax is aware of the money you have coming in, the more accurately TradeMax can estimate what you’ll have left.
      • You can save time. TradeMax remembers the details of the deposits and other income you add here so you don’t need to reenter all of the same information each month.
      • You can get valuable tax information.
    4. Reinvest-Income Reivested
      • It helps to expand an individual investor’s portfolio,
      • It enables the investor to cross-reinvest income from any investment
    5. Stock Dividend
      • It helps to expand an individual investor’s portfolio,
      • It enables the investor to cross-reinvest income from any investment
    6. Shares Added to Account
      There are times when you want to add shares of a security from an account without affecting your cash balance. For example, you may inherit shares or receive them as a gift. These transactions are different from Buys, and TradeMax provides you with a specific function to better manage your portfolio.
      • The cost per share for inherited shares is generally the value of the shares on the date that the deceased died or on an alternative valuation date. When you receive the inherited shares, record the cost per share on that date
      • The cost per share for gift shares depends on the value of the shares on the date of the gift and the price that the giver paid for the shares, as well as your sale price if you sell the shares.
    7. Shares Removed from Account
      There are times when you want to remove shares of a security from an account without affecting your cash balance. For example, if the security has been privatized, these transactions are different from Sells, and TradeMax provides you with a specific function to better manage your account.
    8. Deposit into Account
      Deposit is an umbrella term for any money you receive into any account you track in TradeMax. There are times when you want to deposit a sum of money to an account to better manage your transactions .
    9. Withdraw from Account
      There are times when you want to withdraw a sum of money from an account to conduct other transactions. TradeMax provides you with such a function to better manage your portfolio.
    10. Return of Capital

      Return of capital(ROC) refers to payments back to “capital owners” (shareholders, partners, unitholders) that exceed the growth (net income/taxable income) of a business. The ROC effectively shrinks the firm’s equity in the same way that all distributions do. It is a transfer of value from the company to the owner. Since the ROC shrinks the business and represents a return of the investors’ own money, the ROC payment received may not be taxed as income. Instead it may reduce the cost base of the asset. This results in higher capital gains when the asset is sold, but defers tax.

    11. Div Paid on ShortSales
      With the market as it is, many of you have decided to include shorting in your investment strategy. It’s quite possible that one of the companies that you shorted was one that pays a cash dividend. Mauritius Since you are likely borrowing the shares that you initially sold to create your short position, you are required to reimburse the lender of the stock for the dividends that he missed. Your broker probably notified you of that fact, and reduced your cash position in your account by the amount of the dividend.
    12. Combine Trades
      To avoid the wash sales in one day, TradeMax allows you to combine your trades with same buying slots (TradeDate, Action and Symbol are all the same).
    13. Match Your Trades
      TradeMax uses strict “First In, First Out” (FIFO) trade matching as a default. It also provides the function which enables the user to abandon FIFO trade matching and “force-match” specific trade transactions together into a tax lot. It will help you to avoid changing your long-term investment to short-term one.
    14. Edit Symbol
      To apply changes to all trade records with the same symbol, TradeMax provides users Edit Symbol function.With this function, users can edit Symbol Name, Underlying Stock, Type, Rate, Strike Price, Expire Date, Exchange Market, Rates,etc.
    15. Consolidate a Symbol
      “Consolidate Symbol” function helps you to consolidate different ticker symbol names.

Different symbols will occur when:
1) Trade data from different brokerages is entered;
2) during Corporate Action like merge;
3) manually append trade mistakes.

  1. Undo and Redo Action Trade Max allows you to undo the last action and redo the previously undone action.
  2. Move up and Move down Trade Max allows you to adjust the sequence of the transaction records traded on the same day by moving up or moving down the transaction records.

Stock Dividend


Dividends are distributions of property a corporation pays you because you own stock in that corporation. Most dividends are paid in cash. However, dividends may be paid as stock of another corporation or any other property.

With “Stock Dividend” function,you can mannual setTradeMax Stock Dividend type

[Qualifed-Dividend,non-Qualifed-Dividend,Long term Dividend,Short Term Dividend],

Payment date,Event Date,Dividends amount.Symbol.

Just follow the step-by-step instructions to append a “stock dividend” action.
 

  1. Select the symbol you want to append dividend action.
  2. Right-click on the record and select Event Append in the context menu, then choose Trade Dividend from its dropdown list.

 

 

  1. A dialog box will pop up:

 

Type the infomation into the box.

  • select the Dividend type form the dropdown list [Qualifed-Dividend,non-Qualifed-Dividend,Long term Dividend,Short Term Dividend],
  • Select the Payment Date with you mouse or enter with you keyboard
  • Select the Div Event Date with you mouse or enter with you keyboard
  • Account is the account to which the selected record belongs .
  • Security Name is the name of the security you have selected. You can select security name from the dropdown list. If the security name dosen’t exist in the dropdown list, you can selectto add a new one through editing the dialog box.Learn more about: Symbol box parameter
  • Manually enter the amount for Dividend,
  • Manually enter the note, Or you can leave some of them blank .

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Day Trading Report


Day Trading Report –  This report is for those users who want to calculate  trade performance for the day across the accounts and the symbols.It can calculate gains/losses and gross and commission subtotal for each security in a date range ( Day,Week,Month).This report come with Trade-time Field,so that you can check the open trade date-time and close trade’s Date-time(MM/DD/YYYY Hours:Mins:seconds) for each transaction.

Day trading reports that tell you gain&loss for each security in in a date range ( Day,Week,Month).

You can add this report by follow way

  1. Right-click the Trade Data & Report view in the Account List and select the specific report.
  2. In “Tax Current” select “Day Trading Report”

Download Account Activity From NinjaTrader


Instructions

1) On the NinjaTrader Control Center, select the “Account Performance” tab.

To generate a performance report:

Control_Center_20

1. Select the From and To date range for the report
2. Select the Mode for the performance data to be displayed in. The options are Percent, Currency, Points.
3. Click the “Advanced >>” button if you wish to filter your listed trades by either of the following categories: Account, Instrument, ATM Strategy, Data Provider, or Market Type.

4. To get the ATM style trade listing, (averaging your prices for up to three entry and exits) tick the check-box labeled “Group trades by ATM Strategy“.

5. Click “Generate“. Your trade data will now be displayed in the Account Performance tabs (Summary, Graphs, Executions, Trades, Periods, Orders, Journal).

To export your trades:

  1. Click on the “Trades” tab
  2. If not already set, ensure that all columns are displayed by right clicking on the column headings, selecting Grid -> Properties, and ticking all check-boxes. Click OK.
  3. Right click on any of the trade data boxes.
  4. Select Grid -> Export to Excel
  5. Excel will open with the data entered in a new worksheet. Use Save As to store the data on your hard-drive.
TradeMax built-profile now support the NinjaTrader’s TradeReport.xls and Executions.xls
To import NinjaTrader xls files,please use following step
1.Create an account(NinjaTrader) in TradeMax Database.
2.Select the account,right click the mouse,select “Import”-> “import trade” from the menu
3.In import wizard dialog box,select “Import from local file”
4.In profile name dropdown list,select the profile name(Executions“,Trades Report “,”Order Report”)
Report should like follow xls file templet
5.Browse the xls file
6.click the Next button to continue

If you want to calculate future gain&loss,you should use “Mark to Market Form 4797” report to view your Sect.1256 future’s Gain & Loss.

http://www.itrademax.com/ipress/detailed-instructions/run-reports/mark-to-market-for-form-4797.htm

Or remove the  Sect.1256 future’s in the Short/Long term Gain/Loss report blacklist.

http://www.itrademax.com/ipress/news/how-to-include-forex-trades-in-the-realized-gainloss-report.htm

Download Account Activity From OptionsHouse


To download account activity file from OptionsHouse:

  1. Login your OptionsHouse account.

    In Account Activity window

    The account activity window is easily accessible from Quick Start menu so you can see everything that’s happened in your account for as long as your account has been active. You can also minimize it and it will stay on the lower navigation bar each time you log in.

    The account activity screen displays all your fills and the price at which they made it into the market.

  2. You can use the filter to narrow down the activity you’re looking at by date range, transaction type, and symbol.
  3. On the top-right of the screen, you can also export the activity being shown and save the data into a CSV or XLS file.
  4. Your downloaded file must be in this format as shown below, otherwise, you should set your profile in profile wizard dialog box to import your data into TradeMax.
    Trade Date
    Action
    SecurityType
    Description
    Symbol
    Underlying symbol
    Quantity
    Price
    Commission
    Amount
    Fees
    4/2/2010 11:25:28 AM
    Buy To Open
    stock
    MSFT AprWk2 280 Call
    MSQ101203C00118000
    MSQ
    10
    8.88
    7
    -8887.07
    0.07

    If you find the your downloaded file format is different from the above formats, you should set your profile in Profile Wizard.

  5. Run TradeMax to import trade activity data from local file.

Download Data From TradeKing


To download data file from TradeKing:

Note: TradeMax suggest you choose QFX(Quicken Format) file as default data file.

If you have already set up your software to accept TradeKing data, Log into your TradeKing account and under “Accounts – Download Data” downloads your account data.

  1. Choose “Quicken© 2004 or newer” format.
  2. Set the desired date range of your data.
  3. Click on the Download button to save the file.
  4. Run TradeMax and setup a TradeKing account to import trade activity data from local file.Then click Next Button
  5. In Profile Name dropdown list,select Open Financial Exchange (*.ofx,*.qfx,*.xml)
  6. Click File Browser Button to select qfx data file from your computer,then click Next Button.

How to import TXF file into turbotax


Q)How to import TradeMax TXF file into turbotax?

With TradeMax, you can export your gains and losses to popular tax software programs with the TXF Export function.Here we will provide you with a step to step wizard to show you how to export your TXF file with the TXF Export function

For example, if you want to export the FY2008’s G & L Report to TXF file, you can do the following:

  1. Right click the folder FY2008 under the Trade Bar and select the TXF Export from its context menu:
  2. Following dialog box will pop up:
  3. Select the path & File name to save your TXF file.
  4. Press Save button to finish the process. Now you can find your TXF file in your selected path.

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Form 8949 Report


Form 8949 Report

Form 8949 – Starting with the 2011 tax year, investment transactions will be reported on the new Form 8949, Sales and Other Dispositions of Capital Assets.

Use Form 8949 to report:

  1. The sale or exchange of a capital asset (defined below) not reported on another form or schedule,
  2. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit, and
  3. Nonbusiness bad debts.

The IRS has created a page on IRS.gov for information about Form 8949 and Schedule D at http://www.irs.gov/form8949. Information about any tax law changes or other new developments affecting Schedule D or Form 8949 will be posted on that page. Form 8949 is new. Many transactions that, in previous years, would have been reported on Schedule D or D-1 must be reported on Form 8949 if they occur in 2011. Complete all necessary pages of Form 8949 before completing line 1, 2, 3, 8, 9, or 10 of Schedule D. Instructions for how to complete Form 8949 are included in these instructions.

Now, we will show you how to run an Form 8949 with TradeMax:

Note: Please enter your Name and SSN before run the report with the Option button in the Main Button.

      Right Click the item “Trade Date & Report” > “Add Report” > “Tax Currency” > “Form 8949” and you will get a report just like the IRS form 8949.

Note: After click the Form 8949 Report, Form 8949 trans dialog box will popup.
TradeMax will require your classify transaction cost or other basis type into Type A,B,C.

Use a separate Form 8949, Part I, for each of the following types of transactions.

  1. Short-term transactions reported to you on Form 1099-B (or substitute statement) with an amount shown for cost or other basis unless the statement indicates that amount was not reported to the IRS. Check box A at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 1 of a Form 8949 with box B, not box A, checked (see 2 below).
  2. Short-term transactions reported to you on Form 1099-B (or substitute statement) without an amount shown for cost or other basis. Check box B at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 1 of a Form 8949 with box B, not box A, checked.
  3. Short-term transactions for which you did not receive a Form 1099-B (or substitute statement). Check box C at the top of page 1 of this Form 8949.

Use a separate Form 8949, Part II, for each of the following types of transactions.

  1. Long-term transactions reported to you on Form 1099-B (or substitute statement) with an amount shown for cost or other basis unless the statement indicates that amount was not reported to the IRS. Check box A at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 2 of a Form 8949 with box B, not box A, checked (see 2 below).
  2. Long-term transactions reported to you on Form 1099-B (or substitute statement) without an amount shown for cost or other basis. Check box B at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 2 of a Form 8949 with box B, not box A, checked.
  3. Long-term transactions for which you did not receive a Form 1099-B (or substitute statement). Check box C at the top of page 2 of this Form 8949.

Include on each Form 8949 only transactions described in the text for the box you check (A, B, or C). If you have more than one type of transaction (A, B, or C), complete a separate Form 8949 for each. Check only one box on each Form 8949. For example, if you check box A in Part I of one Form 8949, include on that Form 8949 only short-term gains and losses from transactions your broker reported to you on a Form 1099-B (or substitute statement) showing that basis was reported to the IRS. If you have other types of transactions, report those on a separate Form 8949 and check the box that applies.

Note: In dialog box you can select the transactions,click “Move Selected Trans to …” button to move your trans to another type.

Click ok button ,your Form 8949 report will be generate.
Compare with standard Form 8949 report,TradeMax add “gain or loss combine columns” to the report.
So you can check the Formula results with this column,TradeMax also add “short term [a][b][c]subtotal/Long term   [a][b][c]subtotal” Field to help you fill schedule d form.

Download Trade History From tradeMONSTER


The tradeMONSTER Account History section allows you to review a live transaction history of your account. You may view an aggregate list of transactions or filter transactions by type or symbol.  Data can be exported to a CSV file.

First,login your tradeMONSTER Account,then from Account menu, click History button.

Explanation of Details

  1. Select Transaction Type

    Select to view All transaction types or select a particular type.

  2. Select Symbol Parameters

    Select All symbols or Custom. Custom allows you to enter a symbol and all trades associated with that symbol and any options will be displayed.

  3. Time Range

    Select the time range for which to view the Account History.  Choose between “Today”, “This week”, “This Month”, or a particular date or a date range across months.

  4. Menu button

    Click to invoke the Menu for the Account History Overview.

  5. Edit Cost Basis

    Click to edit the cost basis of any transferred positions.

  6. Export

    Export screen trade history data to a CSV file for saving and/or manipulating in Excel.

    Click the Save button in another pop-up File Download dialog box.

Run TradeMax® , click tradeMONSTER Account to import trade activity data from local file.

Note: You should select tradeMONSTER *.csv, *.txt as your profile name during the importing process.

Import Realized Gains and Losses Report from Local File


Option 3: Import Realized Gains and Losses Report from Local File

Realized Gain and Loss Report displays trade details of the selected account’s short-term and long-term gains, short- and long-term losses, and wash sales, as defined by the IRS, grouped by security for the selected tax year.

If you already have Realized Gain and Loss Report, TradeMax can help you to import it directly from the local file with the following step-by-step wizard.

Please Note: Some Gains & Losses Report do not have year end open postion,this will effect wash sale calculating.

  1. Click Import Tab in trade panel, and select the Import Trade from dropdown list.
  2. A Select Import Data Source window pops up, select Import Realized Gain and Loss Report from Local file. Click Next button.
  3. Select Profile and Import File dialog appears as below.Note: The Realized Gain and Loss Report data file will be in XLS format, please select Profile Wizard(*.xls) the Profile Name dropdown list.
  4. Function Description

    Profile

    Profiles Options:

    Default is : Profile Wizard *.xls

    Type

    Select TXT or XLS data file.

    Default is : XLS

    Has Column Header

    If there is a column header in your imported file, you will need to select the checkbox

    Import Sample Files

    Follow linked documents contains sample trade data that you can download to practice or use as templates for importing transactions into TradeMax.

    Short Transacton Detection

    If this function is activated, whenever TradeMax imports a sell before a buy for a symbol with no shares currently open, the trade will be recorded as short.

    Note: You shouldn’t select Short Transacton Detectionif you did not Enter the Baseline Positions or Include the Baseline Position. In this case, the TradeMax will assign the close long transaction as an open short transaction

    Buy to Cover Long Transaction Detection

    If your online brokerage accounts allow the conversion of an open, short position to an open, long position with a single buy transaction (and vice versa). You can activate Buy to Cover Long Transaction Detection function to allow TradeMax to make the necessary adjustments during the import process. TradeMax will automatically split up the single “buy” transaction into two – one to close the short position, and another to open up a new long position.

    Import File

    Click File Browser Button to select data file from your computer.

  5. Click Next, a Trade Data Review Dialog Box pops up:
  6. If the realized Gain and loss report has report description or report title displayed in the initial parts, TradeMax might not find these column headers or titles, but if you enter any related key words in the blank sheet behind Has Column Header, TradeMax can auto-identify these column headers.

  7. Click Next and Map Fields window opens.
    Users can check the box on the left side of Show Mapping Result to display or hide Map Result Grid.
  8. Click Next, and the Map Actions pops up.
    In this step, you can map your data by assigning or mapping the column header. (With the default profile, this step will be skipped.)
  9. Click Next to open symbol Validation window.
  10. Click Next to go to next step.
  11. Click Finish Button, a File Save As dialog box appears to give the users facility to setup the profile as a new one in profile list for you to import trade more easily.
  12. Click OK button to next step, the trade data is imported.
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