Handle your wash sales and generator your Schedule D

TradeMax provides you 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.

2. Stock MergeA 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.
3. Stock Spin offA corporate action in which a company’s existing shares are divided into multiple shares.
4. Inc-Income( Div, Int, etc)
   • You can achieve better control over your finances. The more TradeMax knows 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 income you add here so you don’t need to reenter all of the same information each month.
   • You can get valuable tax information.
5. Reinvest-Income Reivested
   • It helps expand an individual investor’s portfolio,
   • It enables the investor to cross-reinvest income from any investment
6. Shares Added to AccountThere 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.
7. Shares Removed from AccountThere 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 such a function to better manage your account.
8. Deposit into AccountDeposit 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 AccountThere 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 ShortSalesWith the market as it, 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. 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 same).
13. Match Your TradesTradeMax uses strict “First In, First Out” (FIFO) trade matching as a default. It also provides the function 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
15. Consolidate a Symbol Consolidate symbol function helps you to consolidate different ticker symbol name.

Different symbol will occur: 1) Trade data from different brokerages; 2) Corporate Action like merge; 3) Manually append trade mistakes.

16. Undo and Redo Action 

    Trade Max allows you to undo the last action and redo the previously undo action.

17. 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.

You can split your trade as following:

1. Select the trades you want to split.

Learn more about: How to select trade records.

2. Right-click the selected record and select the Trade Split in the context menu:



 

3. A Trade Split dialog box will pop up:



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 company’s 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 vary widely as to report spinoffs on their statements. Stock Merge-– The combination of two or more corporations into one.
2.Transaction Date	The very date you split the security
3.Account	Choose the specific account name from the account 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 filed 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 filed 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 automatically calculated by New Security Quantity/Old Security Quantity.

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

4. After pressed OK button, the following new record display:

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

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

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 the various brokerage statement.

Make the adjustment just 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. There are the following option from its dropdown list : Stock Split/Reverse Split -– A corporate action in which a company’s 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 vary widely as to report spinoffs on their statements. Stock Merge -– The combination of two or more corporations into one.
2.Transaction Date	The very date you merge the security to another
3.Account	Choose the specific account name from the account 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 filed 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 filed 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 automatically calculated by New Security Quantity/Old Security Quantity.

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

4. Afer you pressed OK button, the following new record display:

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

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

A Spin-Off is a new company formed by a split from a larger one. Brokers vary widely as to 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 adjustment just as follows:

1. Select the records referring Spinoff
2. Right-click the record and select the Trade Spinoff from its 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 company’s 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 vary widely as to report spinoffs on their statements. Stock Merge -– The combination of two or more corporations into one.
2.Transaction Date	The very date you spinoff the security to another
3.Account	Choose the specific account name from the account 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 filed 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 filed 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 automatically calculated by New Security Quantity/Old Security Quantity.

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

4. Afer you pressed OK button, the following new record display:

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

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

Why do we record the income?

• You can achieve better control over your finances. The more TradeMax knows 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 income 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 instruction to get a better manage over your trades.

1. Select the records you want to append.
2. Right-click 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 selected. You can select security name from the dropdown list. If the security name didn’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 of Dividend, Interest, Short-term cap gain dist( Short-term capital gain distribution), Long-term cap gain dist( Long-term capital gain distribution), Miscellaneous. Or you can leave some of them blank .
5. After checking the information, press 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.

 

Why do we append reinvested income?

• It helps expand an individual investor’s portfolio,
• It enables the investor to cross-reinvest income from any 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 the selected record and select the Event Append in the context menu, then choose Reinvest-Income Reinvested) in the dropdown list
3. A dialog box will pop up:
4. Type the information 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 selected. You can select security name from the dropdown list. If the security name didn’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 of 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, press 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. 

 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 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 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 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 selected. You can select security name from the dropdown list. If the security name didn’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 some description or leave it blank.
5. After checking the information, press OK 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.

 

 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 account.

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 the selected record and select the Event Append in the context menu, then choose Shares Removed from Account in 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 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 selected. You can select security name from the dropdown list. If the security name didn’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 removing
   • In Notes field, you can enter some description or leave it blank.
5. After checking the information, press OK 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.

 

 Why do we deposit the money to an 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 . Follow the step-by-step wizard to deposit money into account.

1. Select the record to which you want to deposit .

   Learn more about: How to select trade records.

2. Right-click the selected record and select the Event Append in the context menu, then choose Deposit into Account in 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:  Deposit to Account and Withdraw from Account. The default Transaction depends on your location in previous step.
   • Select the Transaction Date with you mouse or enter with you keyboard
   • Account is the account to which the selected record belongs .
   • Manually enter the amount you want to deposit. The Amount is equal to Base Amount.
   • The description of the security displays in Notes field automatically.
   • In Event Include In Year field, you can activate the checkbox and enter the specific tax year that you can view this record in Baseline view of specific finance year.

    

5. After checking the information, press OK to continue the process. You will see the following grid:As you see from the picture, the new record is generated in CashAdj field(Cash Adjustment) automatically.
6. You can cancel this action with the Undo Button in the trade tab..

 

 Why do we 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.
Follow the step-by-step wizard to withdraw from account.

1. Select the record from which you want to withdraw.

   Learn more about: How to select trade records.

2. Right-click the selected record and select the Event Append in the context menu, then choose Withdraw from Account in 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:  Deposit to Account and Withdraw from Account. The default Transaction depends on your location in previous step.
   • Select the Transaction Date with you mouse or enter with you keyboard
   • Account is the account to which the selected record belongs .
   • Manually enter the amount you want to deposit. The Amount is equal to Base Amount.
   • The description of the security displays in Notes field automatically.
   • Event Include In Year field, you can activate the checkbox and enter the specific tax year that you can view this record in Baseline view of specific finance year.
5. After checking the information, press OK to continue the process. You will see the following grid:

   

As you see from the picture, the new record is generated in CashAdj field(Cash Adjustment) automatically.

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