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

Back Up and Restore


TradeMax can backup and restore your data files, the following will tell you :

Restore a Backup File


To restore a backup file, follow these steps:

Step 1: Run the TradeMax and go to Account.

Stpe 2: Choose Restore button on the Trade Tab, a dialog box will pop up.

Step 3: The popup dialog box allows you to enter the Restore information.

Function

color=##000099 >Description
Save file

Click the browse to select the back up folder and file name.

Password Password for back up file.
Import Account If the account you want to import doesn’t exist, select the Import Account checkbox. New Account will be automatically added.

Click thebutton to continue the restore process.

Step 4: Match account.Import the data file from Account In File into Account In Program.

Function

Desciption
Account In File

Account list in backup file.

Account In Program Import Account list.

If you want to import Account in File: AB Watley(see person) into Account in Program: Score Trade Jones:

1. Select Score Trade Jones from the dropdown list under Account In Program to match. If Import Account not exist, select Ignore to match.

2. Click thebutton to continue the restore process.

Step 5: Trade Record Preview dialog box will pop up.

1. Review all the data in Trade Record Preview dialog box.

2. Drag the scrollbar to the right to confirm the import data (Default is: Import All).If not import, uncheck the check box.

3. Click the button to complete the restore process.

Back Up Data File


To backup a data file, please follow these steps:

Step 1: Run the TradeMax and go to Account.

Stpe 2: Choose Backup button on the Trade Tab , a dialog box will pop up.

Step 3: The popup dialog box allows you to enter the Backup information.

Function
Description
Password Enter Password to discourage unauthorized access to your data file.
Pwd Check Renter the Password.
Save file Click the save file button to select the backup folder and file name.

Step 4: Click the button to finish the backup process.

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.

I can’t find my data files.


TradeMax® program files and user-created data files are auto-saved in different directories in a user’s computer.

  • The default location for TradeMax® set-up and program files is “c:\program files\trademax“, unless the user has specified these files to another directory during the TradeMax installation process.
  • The default location for data files created by the user is “my documents\trademax

NOTE: The location of program and data files may vary depending on the configuration of a user’s computer. For example, data files may be saved in “c:\documents and settings\user name\my documents\trademax” or another location.

Enter Previous Year Holding Positions


Baseline position is the holding open positon from the previous tax year.

If you are a new user of TradeMax and have hold open position from previous tax year, we recommend that you manually enter each position into TradeMax before you import the trade data of the current year so as to match your trades between these two years perfectly. There are two steps to entering this position details.

For example, suppose you bought some stocks in 2009 and remained open at the year end, if you import trade data in 2010 without entering the open position carried over from 2009, the trade data imported will be unmatched, even the generated reports and wash sale calculations will be inaccurate.

You can conclude a list of your open positions at year-end by checking your December monthly statement for the previous tax year. After that , you should enter these open positions to TradeMax in either of two ways.

a. Click the specific Finance Year, then click Append button in Trade Panel.

b. Select the specific Finance year and click the Baseline View under the selected finance year.

NOTE: TradeMax supports entering previous year holding position after importing the trade data, but entering before importing is recommended.

The following will tell you how to enter previous year holding position in TradeMax:

  1. Collect your open positions from the previous tax yearYou can collect the positions from your brokerage December statement.
  2. Click the Baseline view under the Account List to go to the Baseline window. (For example, enter baseline positions of 2008)
  3. Click Append button in Trade tab
  4. A popup dialog box allows you to record the purchase of a security below: 
    Function
    Description
    Enter Transaction There are the following options from its dropdown list :

    Buy to Open — Buy Stock/Option to Open a Long position
    Sell to Close — Sell Stock/Option to Close a Long position
    Buy to Close — Buy Stock/Option to Close a Short position
    Sell to Open — Sell Stock/Option to Open a Short position
    Default value is : Buy to Open

    Transaction Date Select the trade date
    Account Select the account to append your trade.
    Orig Currency Original Trade Currency type .There are seven Currency types in the dropdown list: USD, EUR,CAD,AUD,JPY,HKD,GBPIf you can choose EUR,CAD,AUD,JPY,HKD,GBP as Original Currency, and the dialog box will appear as an icon ,click this button, the dialog box will extend.
    Security Name
    Enter the security name manually in the Security Name field or Select it from the Symbol dropdown list.
    Additionally, the entering process supports AutoComplete function which pops up a list of suggestions to the user based on the characters entered.
    Base Rate Domestic currency type or accounting currency type for accounting purposes. Currently IB allows customer to choose different basis currency other than USD.
    Type Specify The type of trade transaction.  Available choices are: Stock/Option/Future.
    Number Of Shares
    For every Type of Stock, this field specifies the number of shares that have been traded. For Type of Option, this field specifies the hands of options that have been traded. Normally the value of ‘1’ indicates the option of exercising 100 shares of Stock
    Price (per share) The transaction price of Stock/Option per share/unit.
    Rate
    “Rate”related to derivative product like option, future. For instance, an option has a 100 “Rate” which means an option contract is for 100 shares of the underlying stock
    Underlying Stock The stock on which an option is written, giving the option holder the right to buy or sell.
    Commission
    Enter the commission of the shares. If left blank, the commission will be calculated from the value in the Amount column (providing the Amount includes commissions and fees).
    Amount The “Amount” will ba calculated automatically since you enter the “Number of Shares”, “Price” , and “Commission”.
    Strike Price The strike price of the underlying stock in the option or future
    Expire Date the date an option or stock expires
    Notes Enter the description of the transaction.
    Trade Include In Year
    Select the checkbox to activate it and enter the specified tax year.
    Defercost Used to enter the defer loss of this appending transaction.
    Click it to cancel the appending process.
    Click it to enter another new transaction.
    Click it to finish the appending process.

    Enter information of this transaction and press the button to finish the appending progress.

  5. A new record will be displayed at the bottom of Baseline window and the icon will become icon .
    Tips:

    • Means there is no baseline position in the Baseline window
    • Means there are baseline positions in the Baseline window.

Note:

  • Since your held positions do not belong to the current tax year, you need to select the Trade Include In Year checkbox and enter the specific tax year.
  • Please do not enter or import any closed positions from any year prior to the current tax year.
  • This only needs to be done once for each brokerage account. Every year thereafter, you can use the function End Of Tax Year to copy your year-end open positions to your next tax year data file.
  • If you have no open positions, you can skip this step.

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.
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