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

Export Trade Data to TaxAct


Export Trade Data to TaxAct

There are two processes involved in using TaxACT® to file your trading gains and losses with TradeMax:

Step 1 : Export Trade Data from TradeMax

Step 2: Import Data into TaxAct

Follow the instructions below to export trade data from TradeMax then import the data into TaxAct.

Step 1 : Export Trade Data from TradeMax

The following  illustration will show you how to export trade data from TradeMax:

  1. Run TradeMax, Click the specifc account and select the specific financial year.
  2. Right click specific Financial Year (e.g FY2009), and a dropdown list pops up:
  3. Select TaxAct Export option, a dialog box appears as below:
  4. Save your data into the specific directory.

Step 2: Import Data into TaxAct

Follow the steps below to import your TradeMax generated CSV file into TaxACT® Online version:

  1. Open your web browser and navigate to your TaxACT® 2010 Online Deluxe account.
  2. From the Q&A main menu, select the Federal Q&A tab.
  3. Expand the Investment Income menu option,and  then select Gain or loss on the sale of investments.
  4. Select Import from a brokerage provider via a CSV file option.
  5. Click on Import CSV File.
  6. Click on the Browse button.
  7. Navigate to and select the appropriate CSV file you saved in your computer.
  8. Next click Continue to begin upload and import process.
  9. TaxACT® will attempt to indentify the column header data in the file as shown in the images below. Make sure that the header data is identified correctly, the then click Next.
  10. Next TaxACT® will prompt you to select which rows of data will be imported. By clicking the check box at the top of the Import column you can select all rows – typically the easiest method.
  11. Click OK when prompted.
  12. Now you will need to un-select the top two rows, and bottom two rows as shown in the images below. Then click Next to continue.Note: TaxACT® will now allow you to chose the owner of the data, if necessary. Click Next to continue.
  13. TaxACT® will list all data found in the CSV file, click Import to complete the data import.
  14. Click Close when finished.
  15. To review the import result click on Income under the Federal Q&A tab.
  16. The total listed under Capital Gains & Losses should reflect the total gain or loss reflected in TradeMax (in addition to any other capital gains or losses you have already entered into TaxACT). Once you complete your online filing you can confirm your short-term and long-term capital gains and losses on the Schedule D form.

Black List


In order to simplify the process to run reports, TradeMax provides you with Black List to filter some information of various reports. With this feature, you can choose to display the information you want by selecting transaction type or Security Ticker to generate the specific report.

 The following wizard will tell you how to build a Black List.

  1. Click main button , and a main menu opens:
  2.  

  3. Click Options button, and then select Black List tab,  the following dialog box displays:

 

Function
Description
1.Black List Tab After clicking Options button, you should select Black List tab.
2.Filter Field You can select the report you will run from the dropdown list.
3. Type Security type. For instance, stocks and mutual funds, options on stocks, Single-Stock-Futures, futures, currencies etc.
4. Ticker Security Ticker Symbol. You can click Ticker Tab to select the symbol you want to be displayed or disappeared in the generated report.
5.Ticker Tpye List The ticker types for you to select to display in the reports you want to run . Note : If you click Ticker Tab, the list box is called Ticker List.
6.Black List Field Tthe ticker types you want to omit in your report.
7.Condition Field Click to move the selected items to Ticker Type List or Black list alternatively.Click to move all items to Ticker Type List or Black List.

Download Data From UNX


To download data file from UNX:

  1. Log into your UNX account.

  2. Set a Start and End date range for your report. 
  3. Select the Comma Delimited File (CSV) option.
  4. Click the download button. 
  5. Run TradeMax to import trade activity data from local file.

Download Data From Zecco


To download data file from Zecco:

  1. Log in to your Zecco brokerage account.
  2. Click Account Records in the Trading menu , and then click Investment Data Download.
  3. Set a specific data range, then click Download to Quicken.
  4. Save the QFX file.
  5. Run TradeMax to import trade activity data from local file.

Move Up and Down


TradeMax allows you to adjust the sequence of the transaction records traded on the same day by moving up or moving down the transaction records.

  1. Select two transaction records you want to move.
  2. There are two ways to adjust the sequence of the records.
    • Click the UP or Down button in trade panel.
    • Right click the selected records, and then select Trade Adjustment>Move Up/ Move Down from context menu.
  3. The transaction records will be moved up or moved down.

Note:

1. If there are only two records traded on same day, the right menu only appears Move Down while Trade Panel only displays Down.

2. There are three or more transactions traded on same day.  The record which is located at neither the first nor the last can be moved up or down.

Column Headers Definitions


The headers on the columns in the grid have the following meanings.

Column Header Meaning
Action Action name in TradeMax.
Long   –— Buy Stock/Option to Open a Long position
Short  –— Sell Stock/Option to Open a Short position
CloseLong  –— Sell Stock/Option to Close a Long position
CloseShort –— Buy Stock/Option to Close a Short position

ActionName Action name in your brokerage trade history.
For example, Buy, sell, dividend, Journal, stock merge etc.
Account Trade account in TradeMax
Amount Trade amount
Base Amount The “Base Amount” will be calculated automatically when you enter the“Base Rate“.
USD Amount The “USD Amount” will be calculated automatically when you enter the“USD Rate
Commission Trade broker commissions (Including fees)
Base Commission Automatically calculates Base Commission by Commission* Base Rate.
USD Commission Automatically calculates USD Commission by Base Commission* USD Rate.
Base Currency Domestic currency type or accounting currency type for accounting purposes. Currently IB allows customer to choose different basis currency other than USD.
USD Currency Settlement currency for tax purposes
OCurrency Original Trade Currency type
DeferCost Deferloss produced by wash sales from the previous year
ExpireDate Expiry date of option or future.
ID Trade ID in TradeMax.
Market Exchange market where you bought the financial product. For instance, NASDAQ.
Notes Any information of the trade record
Price Security price
Base Price The share price in Base currency price.
USD Price The share price in USD Currency price.
Quantity Number of shares
Rate Option or future rate. An option has a 100 “Rate” which means an option contract is for 100 shares of the underlying stock.
Base Rate The exchange rate Original Currency/ Base Currency.
USD Rate The exchange rate Original Currency/ USD Currency.
Selt Rate The exchange rate of Base Currency / USD Currency. Or directly query the Selt Rate in “Currency Exchange”.
StrikePrice The strike price of the underlying stock in the option or future
Symbol Security Ticker Symbol
TickerMatch The strike price of the underlying stock in the option or future
TradeDate Trade date
TradeTime Trade time
TradeMatch The amount of “Force-Match” for tax purpose.
Type Security type. For instance, stocks and mutual funds, options on stocks, Single-Stock-Futures, futures, currencies etc.
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