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

Download Data From BOA Investment


To download data file from BOA Investment:

  1. Log into your BOA account.
  2. Click Account Info and History.
  3. Set a specific time range.
  4. Click the Display History button.
  5. After the report displayed, select the report table or the whole page.
  6. Copy and paste the report data to a Excel document and save it as XLS file.
  7. Run TradeMax to import trade activity data from local file. Click the Next Button
  8. In Profile Name Dropdown list,Please select Profile Wizard(*.xls).

Deposit into Account


Why do we deposit the money into 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 on 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 transactions in the dropdown list:  Deposit to Account and Withdraw from Account. The default Transaction depends on your location in the previous step.
    • Select the Transaction Date with your mouse or enter using your 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 Included In Year field, you can activate the checkbox and enter the specific tax year , so that you can view this record in the Baseline view of the specific financial year.
  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  Deposit record is generated.
  6. You can cancel this action with the Undo Button in the trade tab..

Withdraw from Account


Why do we withdraw from an 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 manage your portfolio better .

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 on 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 transactions in the dropdown list:  Deposit to Account and Withdraw from Account. The default Transaction depends on your location in the previous step.
    • Select the Transaction Date with your mouse or enter using your 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 security is displayed in the Notes field automatically.
    • In the Event Include In Year field, you can activate the checkbox and enter the specific tax year  so that you can view this record in Baseline view of the specific financial year.
  5. After checking the information, click the OK button to continue the process. You will see the following grid:
  6. As you see from the picture, the new WithDraw record is generated automatically.

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

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.

With such a function,  Trademax makes it easier to better adjust the cost basis of the stock by that amount.

  1. Select the record to which you want to record Return of Capital

  2. Learn more about: How to select trade records.

  3. Right-click on the selected record and select the Event Append in the context menu, then choose Return of Capital in the dropdown list:
  4. A dialog box will pop up:
  5. Function
    Description
    1. Enter Transaction

    There are two options in the dropdown list:  Return of Capital and Div Paid on ShortSales. The default type depends on your choice in the previous step.

    2.Transaction Date The payment date when the company expects the capital payment process to complete. You can manually enter the date or choose from the dropdown calendar to set the Transaction Date.
    3. Event Date The recorded date when the company initiates the capital payments to shareholders of record. You can manually enter the date or choose from the dropdown calendar to set the Event Date.
    4.Account The account name to which the specific security belongs. Choose the specific account name from the accounts list.
    5.Security Name The name of the specific security
    6.Amount Manually enter the quantity of the capital
    7.Notes
    The description of the security is displayed automatically
  6. After checking the information, click the OK button to continue the process. You will see the following grid:
  7. As you can see from the above picture,, the new record is generated automatically.

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

Div Paid on ShortSales


With the market as it is, many of you might 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.

Just follow the step-by-step wizard to generate your Dividend Paid on Short Sales record

With such a function, Trademax make it easy to better adjust the cost basis of the stock by that amount.

  1. Select the record to which you want to make your Div Paid on ShortSales.l
  2. Right-click on the selected record and select the Event Append in the context menu, then choose Div paid on ShortSales in the dropdown list:
  3. A dialog box will pop up:
  4. Function
    Description
    1. Enter Transaction

    There are two options in the dropdown list:  Return of Capital and Div Paid on ShortSales. The default type depends on your choice in the previous step.

    2.Transaction Date The payment date is when the company expects the dividend  payment process to be completed. You can manually enter the date or choose from the dropdown calendar to set the Transaction Date.
    3. Event Date The recorded date when the company initiates the dividend payments to its shareholders of record. You can manually enter the date or choose from the dropdown calendar to set the Event Date.
    4.Account The account name to which the specific security belongs. Choose the specific account name from the accounts list.
    5.Security Name The name of the specific security
    6.Amount Manually enter the quantity of the capital
    7.Notes
    The description of the security is displayed automatically
  5. After checking the information, click on the OK button to continue the process. You will see the following grid:
  6. As you can see from the above picture, the new record is generated automatically.

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

Supplemental Instructions : Let’s say you short 1000 shares of ABC Company on March. 1 at $10 a share. On Mar. 16th, your broker notifies you that your account will be reduced by $50 for the dividend paid by ABC Company to its shareholders. On April 10, you close your short position by buying 1000 shares of ABC at $8 a share. Since the short position was not open for at least 46 days, you cannot use the $50 in-lieu-of-dividend payment as a current expense. Rather, this $50 is added to the price of the stock that you purchased to close the position. In the example above, your net gain on your short position would be $150 ($1,0000-($8000+$50)=$150).

Let’s use the same example, but change the dates. Let’s say that you don’t close the short position until May 15. In this case, the in-lieu payment of $50 would be treated as investment interest, which is deductible on Schedule A (assuming that you itemize your deductions), and your gain on the closing of the short position would be $200.

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. This tutorial covers the different options assignment issues that you might face in options trading.

  1. Select the specific option record you want to assign.
  2. Right-click the record, then select Option Adjustment > Option Assigned as the following menu shows:
  3. An Option Assigned dialog box will pop up:
  4. Function
    Description
    1.Transaction Date

    The assignment date of the specific option

    If you want to modify the assignment date of the option, you can manually enter the date or click the Down Arrow then choose from the dropdown calendar.

    2. Account The account name to which the specific option belong. Choose the specific account name from the account list. If you choose All Account, event will apply to all accounts.
    3.Security Name The name of the specific option record
    4.Number of Contracts

    The quantity of the specific option. For example, the number of contract is 10, the shares of the option is 1000.
    5.Matched Option ID The ID of the specific symbol
    6.Matched Stock
    If the option you want to exercise does have the matched stock, you can choose from the dropdown list , if it hasn’t , it will apply to < auto add stock transaction> generated by TradeMax automatically.
    7.Notes

    The description of the specific option will be displayed automatically. You can leave it blank or enter anyimportant events and brief notes here.

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

  5. After you have pressed OK button, the following new record will be displayed
  6. The row outlined in red displays the Assigned Option record.

    Notes: In TradeMatch, 207 and 213 represent the ID of the symbol, 0 means the the share of the matched stock after option assigned.

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

Option Exercised


Since 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 has 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

To exercise your option, just follow the steps listed below:

  1. Select the specific option record you want to exercise .
  2. Right-click the record, then select Option Adjustment > Option Exercised as the following menu shows:
  3. An Option Exercised dialog box will pop up:
    Function
    Description
    1.Transaction Date

    The exercise date of the specific option

    If you want to modify the excise date of the option, you can manually enter the date or choose from the dropdown calendar.

    2. Account The account name to which the specific option belongs. Choose the specific account name from the account list. If you choose All Accounts, event will apply to all accounts.
    3.Security Name The name of the specific option record
    4. Number of Contracts
    The quantity of the specific option. For example, the number of contract is 5, the shares of the option is 500.
    5.Matched Option ID The ID of the specific option record
    6.Matched Stock
    If the option you want to exercise does have the matched stock, you can choose from the dropdown list , if it hasn’t , it will apply to < auto add stock transaction> generated by TradeMax automatically.
    7..Notes

    The description of the specific option will be displayed automatically

    You can leave it blank or enter any important events and brief notes here.

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

  4. After you have pressed the OK button, the following new record will be displayed:The row outlined in red displays the the Exercised Option record.Note: In TradeMatch, 207 and 209 represent the ID of the symbol, 0 means the the share of the matched stock after option exercised.
  5. You can cancel this action with the Undo Button in the trade tab.

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.

In TradeMax, with Option expired function, you can view or modify your expired options with several clicks.

  1. Select the specific option record you want to edit .
  2. Right-click on the record , then select Option Adjustment > Option Expired as the following menu shows:
  3. An Option Expire dialog box will pop up  as follows:
Function
Description
1.Transaction Date

The expiration date of the specific option

If you want to modify the expiration date of the option, you can manually enter the date or choose from the dropdown calendar.

2.Account The account name to which the specific option belongs. Choose the specific account name from the account list. If you choose All Accounts, event will apply to all accounts.
3.Security Name The name of the specific security
4.Notes

The description of the specific option Expired action will be displayed automatically.You can enter any important events and brief notes here.
The default description  is expiration date of the specific security

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

4. After you have pressed the OK button, the following new record is displayed:

The row outlined in red displays the Expired Option record.

  • You can cancel this action with the Undo Button in the trade tab.
  • Setup a New Account


    You can add an account to TradeMax to import your trade data. There are five different preset account types in the Account List. You can choose one of them when you are setting up your new account and you can also change it by editing your account function.

    To setup a new account:

    1. In the left pane of TradeMax main window, right-click My Broker(s) or one of five preset accounts and select the Add New Account
    2. A dialog box will pop up as below:

      Basic Function
      Broker Name Select the broker name from its drop down box
      Account Name Enter a descriptive name for your brokerage account in the Account name: This name can be any name or description that you like such as: “Score Trade Jones “
      Info Information about the account. Surely you can skip this step by blanking the field
      Notes Notes about the account. Surely you can skip this step by blanking the field
      Type Select the exact type of your Brokerage type. Learn more about Types
      Currency Select the Currency type of this account.
      Default Transaction Fees 1)Preset your security commission in the specific account
      2)It will be applied to all transactions input to the account
      Type Security type
      Fixed Specific the commission and fee type:
      1.Check the checkbox: Fixed
      2.Uncheck the checkbox: Percentage
      Commission The commission in the trade grid will be sum of the two.
      Fee

      There are five types:

      • Standard Brokerage account—– General investing account that helps you build and manage a diversified portfolio. Standard Brokerage accounts can be individual, joint, custodial, or business accounts.
      • IRA or Keogh account—- Special accounts that allow saving taxes deferred until money is withdrawn. These plans are subject to frequent changes in law with respect to the deductibility of contributions. Withdrawals of tax-deferred contributions are taxed as income, including the capital gains from such accounts.
      • 529 College Saving Plans—- A tax-advantaged investment program that can be used to fund a child’s higher education at any accredited U.S. post-secondary school. Plans are established by individual states but are typically available nationwide.
      • UGMA/UTMAs— A brokerage account that allows you to invest on behalf of a minor. Funds can be used for any expense the child incurs, not just education. Ultimately, the child assumes ownership of the account, with a portion of withdrawals taxed at their rate.
      • Single Mutual Fund— A account is professionally managed and can be a simplified way to diversify a portfolio.
    3. Click OK and TradeMax will show your a new account in the Account List:
      • The FY2008 contains the whole trade data and the baseline positions of 2008 tax year and the trades executed in January of the following tax year
      • The FY2009 contains the whole trade data and the baseline positions of 2009 tax year and the trades executed in January of the following tax year
      • The Baseline contains the baseline position of last finance year
      • The Finance Data contains all cash flow data. For example, cash dividends.
      • The My Holdings contains the holding positions of the specific date
      • The Trade Data contains the important data for the schedule D purposeNote:
        • The FY20xx depends on the year you set up the new account. For example, if you set up your account in 2010 you will get two folders FY2009 and FY 2010 under the new account
        • The positions contains two parts: Open Position (Open Long , Sell to Open) and WashSale Defer Position Learn more about: Long, Sell to Open
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