Adjust Trades |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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Adjust Options


TradeMax provides you with a powerful function to adjust your options .

  • Option Assigned Option Assigned happens when short stock options positions opened by an options writer is assigned for fulfillment. The short options positions disappear and the options writer sells the underlying stock if call options were written or buys the underlying stock if put options were written. Assignment can happen randomly for short in the money options before expiration even though assignment is mandatory for short in the money options during options expiration in what is known as an Automatic Assignment.
  • Option ExercisedSince all option contracts give the buyer the right to buy or sell a given stock at a set price (the strike price), when an option is exercised someone exercised their rights and you may be forced to buy the stock (the stock is put to you) at the PUT option strike price, or you may be forced to sell the stock (the stock is called away from you) at the CALL option strike price
  • Option Expired For an option contract , expiration is the date on which the contract expires. The option holder must elect to exercise the option or allow it to expire, and become worthless..

    Typically, option contracts expire according to a pre-determined calendar.

Note: You should select the specific option record first ,right click the mouse, the Option Adjustment option will appear in the list.

Split Trades


You can split your trade as following:

  1. Select the trades you want to split.
  2. Learn more about: How to select trade records.

  3. Right-click the selected record and select the Trade Split in the context menu:
  4. A Trade Split dialog box will pop up:
  5. Function
    Description
    1.Enter Transaction

    Select the transaction type.

    There are the following option from its dropdown list :

    Stock Split/Reverse Split –– A corporate action in which a companys existing shares are divided into multiple shares.

    Stock Spin off–– A spin-off is a new company formed by a split from a larger one. Brokers’methods vary widely on how they report spinoffs in their statements.

    Stock Merge–– The combination of two or more corporations into one.

    2.Transaction Date The actual date you split the security
    3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts.
    4.Old Security Name
    The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
    5.Old Security Quantity
    Number of shares before the specific event.
    6.New Security Name
    The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.

    If Stock Split, the New Security Name is the same as the Old Security Name.

    7.New Security Quantity
    Number of shares after the specific event.
    8.New shares Issued
    The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.

    After checking all the information you have entered, click the OK button to continue the process or click the Cancel button to cancel the appending process.

  6. After pressing the button,  the following new record will be displayed:
  7. The

    The row outlined in red displays the New Split trade record.

  8. You can cancel this action with the Undo Button in the trade tab.

Trades Merge


Merge is the combination of two or more corporations into one. Manual adjustment is required by the user to account for the new stock because of the various brokerage statements.

Make the necessary adjustments as follows:

  1. Select the records referring Merger
  2. Right-click the record and select the Trade Merge from its context menu
  3. A dialog box will pop up:
Function
Description
1.Enter Transaction

Select the transaction type.

Here are the following options from its dropdown list:

Stock Split/Reverse Split – A corporate action in which a companys existing shares are divided into multiple shares.

Stock Spin off– A spin-off is a new company formed by a split from a larger one. Brokers’ methods vary widely on how they report spinoffs in their statements.

Stock Merge– The combination of two or more corporations into one.

2.Transaction Date The actual date you merge the security to another
3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts.
4.Old Security Name
The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
5.Old Security Quantity
Number of shares before the specific event.
6.New Security Name
The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.
7.New Security Quantity
Number of shares after the specific event.
8.New shares Issued
The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.

After checking all the information you have entered, click the OK button to continue the process or click the CANCEL button to cancel the appending process.

4. After you have clicked the OK button, the following new record will be displayed:

The row outlined in red displays the New Merge trade record.

  • You can cancel this action with the Undo Button in the trade tab.
  • Trades Spinoff


    A Spin-Off is a new company formed by splitting from a larger one. Brokers vary widely as to the way in which they report spinoffs 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.

    Make the necessary adjustment as follows:

    1. Select the records to Spinoff
    2. Right-click on the record and select the Trade Spinoff from the context menu
    3. A dialog box will pop up:

    Function
    Descripton
    1.Enter Transaction

    Select the transaction type.

    There are the following option from its dropdown list :

    Stock Split/Reverse Split – A corporate action in which a companys existing shares are divided into multiple shares.

    Stock Spin off – A spin-off is a new company formed by splitting from a larger one. Brokers’methods vary widely on how they report spinoffs in their statements.

    Stock Merge The combination of two or more corporations into one..

    2.Transaction Date The actual date you spinoff the security to another
    3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts
    4.Old Security Name
    The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
    5.Old Security Quantity
    Number of shares before the specific event.
    6.New Security Name
    The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.
    7.New Security Quantity
    Number of shares after the specific event.
    8.New shares Issued
    The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.
    9.Cost Per Old Share
    Enter the cost per share of the old security,on the date of the spin-off.
    8.Cost Per New Share
    Enter the cost per share of the new security which was spin off, on the date of the spin-off.

    After checking all the information you have entered, click the OK button to continue the process or click the CANCEL button to cancel the appending process.

    4. After you have clicked the OK button, the following new record will be displayed:

    The row outlined in red displays the New Spinoff trade record.

  • You can cancel this action with the Undo Button in the trade tab.
  • Inc-Income(Div, Int, etc)


    Why do we record the income?

    • You can achieve better control over your finances. The more TradeMax is aware about 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 incomes that you add here so you don’t need to reenter all of the same information each month.
    • You can get valuable tax information.

    Just follow the step-by-step instructions to get a better handle over your trades.

    1. Select the records you want to append.
    2. Right-click on the record and select Event Append in the context menu, then choose Inc-Income from its dropdown list.
    3. A dialog box will pop up:
    4. Type the infomation into the box.
      • Select the Transaction 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, Interest, Short-term cap gain dist( Short-term capital gain distribution), Long-term cap gain dist( Long-term capital gain distribution), Miscellaneous,etc. Or you can leave some of them blank .
    5. After checking the information, click OK to continue the process. You will see the following grid:The record has been split into several records.
    6. You can cancel this action with the Undo Button in the trade tab.

    Reinvest-Income Reinvested


    Why do we append reinvested income?

    • It helps to expand an individual investor’s portfolio,
    • It enables the investor to cross-reinvest income from any other investment

    The following wizard will show you how to record purchases of additional shares of a security with money paid to you by that security as Dividend or Interest income or Captial Gains Distribution(short-or long-term).

    1. Select the record to which you want to append the reinvested transaction

      Learn more about: How to select trade records.

    2. Right-click on the selected record and select the Event Append in the context menu, then choose Reinvest-Income Reinvested) in the dropdown menu
    3. A dialog box will pop up:
    4. Type the information into the box:
    • Select the Transaction Date with your mouse or enter the same using your 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 amounts for Dividend, Interest, Short-term cap gain dist( Short-term capital gain distribution), Long-term cap gain dist( Long-term capital gain distribution) Miscellaneous and the shares of security . Or you can leave some of them blank .
  • After checking the information, click the OK to continue the process. You will see the following grid:TradeMax splits the record to several records.
    • Symbol ID104 is the original trade record.
    • Symbol ID 206 shows the Reinvested Long term capital gains of 50 shares of ACS1 is $15
    • Symbol ID 205 shows the Reinvested short term capital gains of 50 shares of ACS1 is $10
    • Symbol ID 204 shows the Reinvested Interest of 50 shares of ACS1 is $8
    • Symbol ID 203 shows the Reinvested Dividend of 50 shares of ACS1 is $10
  • You can cancel this action with the Undo Button in the trade tab.
  • Shares Added to Account


    Why do we add shares to an 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 such a 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.

    Follow the step-by-step wizard to add shares to the account.

    1. Select the record to which you want to add the shares.

      Learn more about: How to select trade records.

    2. Right-click on the selected record and select the Event Append in the context menu, then choose Shares Added to Account in the dropdown list
    3. A dialog box will pop up:
    4. Type the information into the box:
      • There are two kinds of transactions in the dropdown list: Shares Added to Account and Shares Removed from Account. The default Transaction depends on your location in previous step
      • Select the Transaction Date with your mouse or enter using your 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 diosen’t exist in the dropdown list, you can selectto add a new one through editing the dialog box.Learn more about: Symbol box parameter
      • Enter the number of shares you’re adding.
      • In Notes field, you can enter a description or leave it blank.
    5. After checking the information, click the OK button to continue the process. You will see the following grid:As you see from the picture, the new record is generated automatically.
    6. You can cancel this action with the Undo Button in the trade tab.

    Shares Removed from Account


    Why do we remove shares 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 such a function to better manage your portfolio .

    Follow the step-by-step wizard to remove shares from the account.

    1. Select the record from which you want to remove the shares.

      Learn more about: How to select trade records.

    2. Right-click on the selected record and select the Event Append in the context menu, then choose Shares Removed from Account from the dropdown list
    3. A dialog box will pop up:
    4. Type the information into the box:
      • There are two kinds of transaction in the dropdown list: Shares Added to Account and Shares Removed from Account. The default Transaction depends on your location in previous step
      • Select the Transaction Date with your mouse or enter using your 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
      • Enter the number of shares you are removing
      • In Notes field, you can enter a description or leave it blank.
    5. After checking the information, click the OK button to continue the process. You will see the following grid:As you can see from the above picture, the new record is generated automatically.
    6. You can cancel this action with the Undo Button in the trade tab.
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