Run Reports |Form 8949 Capital Gain & Wash Sales calculator software

Day Trading Report


Day Trading Report –  This report is for those users who want to calculate  trade performance for the day across the accounts and the symbols.It can calculate gains/losses and gross and commission subtotal for each security in a date range ( Day,Week,Month).This report come with Trade-time Field,so that you can check the open trade date-time and close trade’s Date-time(MM/DD/YYYY Hours:Mins:seconds) for each transaction.

Day trading reports that tell you gain&loss for each security in in a date range ( Day,Week,Month).

You can add this report by follow way

  1. Right-click the Trade Data & Report view in the Account List and select the specific report.
  2. In “Tax Current” select “Day Trading Report”

Form 8949 Report


Form 8949 Report

Form 8949 – Starting with the 2011 tax year, investment transactions will be reported on the new Form 8949, Sales and Other Dispositions of Capital Assets.

Use Form 8949 to report:

  1. The sale or exchange of a capital asset (defined below) not reported on another form or schedule,
  2. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit, and
  3. Nonbusiness bad debts.

The IRS has created a page on IRS.gov for information about Form 8949 and Schedule D at http://www.irs.gov/form8949. Information about any tax law changes or other new developments affecting Schedule D or Form 8949 will be posted on that page. Form 8949 is new. Many transactions that, in previous years, would have been reported on Schedule D or D-1 must be reported on Form 8949 if they occur in 2011. Complete all necessary pages of Form 8949 before completing line 1, 2, 3, 8, 9, or 10 of Schedule D. Instructions for how to complete Form 8949 are included in these instructions.

Now, we will show you how to run an Form 8949 with TradeMax:

Note: Please enter your Name and SSN before run the report with the Option button in the Main Button.

      Right Click the item “Trade Date & Report” > “Add Report” > “Tax Currency” > “Form 8949” and you will get a report just like the IRS form 8949.

Note: After click the Form 8949 Report, Form 8949 trans dialog box will popup.
TradeMax will require your classify transaction cost or other basis type into Type A,B,C.

Use a separate Form 8949, Part I, for each of the following types of transactions.

  1. Short-term transactions reported to you on Form 1099-B (or substitute statement) with an amount shown for cost or other basis unless the statement indicates that amount was not reported to the IRS. Check box A at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 1 of a Form 8949 with box B, not box A, checked (see 2 below).
  2. Short-term transactions reported to you on Form 1099-B (or substitute statement) without an amount shown for cost or other basis. Check box B at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 1 of a Form 8949 with box B, not box A, checked.
  3. Short-term transactions for which you did not receive a Form 1099-B (or substitute statement). Check box C at the top of page 1 of this Form 8949.

Use a separate Form 8949, Part II, for each of the following types of transactions.

  1. Long-term transactions reported to you on Form 1099-B (or substitute statement) with an amount shown for cost or other basis unless the statement indicates that amount was not reported to the IRS. Check box A at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 2 of a Form 8949 with box B, not box A, checked (see 2 below).
  2. Long-term transactions reported to you on Form 1099-B (or substitute statement) without an amount shown for cost or other basis. Check box B at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 2 of a Form 8949 with box B, not box A, checked.
  3. Long-term transactions for which you did not receive a Form 1099-B (or substitute statement). Check box C at the top of page 2 of this Form 8949.

Include on each Form 8949 only transactions described in the text for the box you check (A, B, or C). If you have more than one type of transaction (A, B, or C), complete a separate Form 8949 for each. Check only one box on each Form 8949. For example, if you check box A in Part I of one Form 8949, include on that Form 8949 only short-term gains and losses from transactions your broker reported to you on a Form 1099-B (or substitute statement) showing that basis was reported to the IRS. If you have other types of transactions, report those on a separate Form 8949 and check the box that applies.

Note: In dialog box you can select the transactions,click “Move Selected Trans to …” button to move your trans to another type.

Click ok button ,your Form 8949 report will be generate.
Compare with standard Form 8949 report,TradeMax add “gain or loss combine columns” to the report.
So you can check the Formula results with this column,TradeMax also add “short term [a][b][c]subtotal/Long term   [a][b][c]subtotal” Field to help you fill schedule d form.

Average Basis


Average Basis

In order to simplify the process to run reports, TradeMax allows you to use Average Basis Method For Mutual Fund Cost Basis Calculating. With this feature, You can figure out your gain or loss using an average basis only if you acquired the funds at various times and prices.

Example 1.

You bought 300 shares in the LJP Mutual Fund: 100 shares in 2006 for $1,000 ($10 per share); 100 shares in 2007 for $1,200 ($12 per share); and 100 shares in 2008 for $2,600 ($26 per share). Thus, the total cost of your shares was $4,800 ($1,000 + $1,200 + $2,600). On May 11, 2009, you sold 150 shares. The basis of the shares you sold is $2,400 ($16 per share), figured as follows.

1)

Enter the total adjusted basis of all the shares you owned in the fund just before the sale. (If you have made an earlier sale of shares in this fund, add the adjusted basis of any shares you still owned after the last sale and the adjusted basis of any shares you acquired after that sale.)

$4,800

2)

Enter the total number of shares you owned in the fund just before the sale

300

3)

Divide the amount on line 1 by the amount on line 2. This is your average basis per share

$16

4)

Enter the number of shares you sold

150

5)

Multiply the amount on line 3 by the amount on line 4. This is the basis of the shares you sold

$2,400

More detail, Please check http://www.itrademax.com/ipress/trademax-glossary/average-basis.htm

Notes: Once you select to use an average basis, you must continue to use it for all accounts in the same fund. (You must also continue to use the same method.) However, you may use the cost basis (or a different method of figuring the average basis) for shares in other funds, even those within the same family of funds.

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

  1. Click main button , and a main menu opens:
  2. Click Options button, and then select Avg Basis tab,  the following dialog box displays:

Function
Description
1.Avg Basis Tab After clicking Options button, you should select Avg Basis tab.
2.Account Select the account which you want to use average cost rule.
3. Year Select the fiscal year which you want to use average basis rule.
4. Fund List Funds symbol lists in the account.
5.Avg Cost List the symbols which use Avg Basis event in specific fiscal year.
6.Append Button Select the funds which you want to use average basis rule and Press”Append” Button.

 

Mark to Market Gain and Loss Pie Report



Mark to Market Gain and Loss Pie Report

Mark to Market Gain and Loss Pie Report – This report is for those users who want to calculate mark to market trading performance for each security and track the gains and losses for a fiscal year or a date range after electing mark to market accounting. With this report, users also can quickly view the performance of securities and draw conclusion based on the demonstrated information so as to make better investment strategies.

If you made the mark-to-market election, you should report all gains and losses from trading as ordinary gains and losses. In that case, securities held at the end of the year in your business as a trader are marked to market by treating them as if they were sold (and reacquired) for fair market value on the last business day of the year.

    Mark to Market Gain and Loss Pie Report is divided into three parts:

    • The

      Mark to Market

      Gain and Loss Pie Chart – Display

      mark to market

      gain and Loss of specific security and its percentage and proportion in total value.

    • The Bar Chart – Display total mark to market value of gains, losses, withdraw, deposit of the selected securities within a fixed period of time.
    • The Summary Information- Display the total mark to market trading quantities, total and average profit/loss , total and average net gains.
  1. The Mark to Market

    Gain and Loss Pie Charts

  2. The pie chart is divided by several radii into sectors in which relative areas indicated by different colors represent the corresponding data percentage and proportion of single security. When the users move the mouse into one segment of the pie chart, TradeMax will auto-demonstrate the information of the specific security. For example: (Google,48.38%,29,041,00 of 60,022,00 which separately indicates the security name, the percentage, and proportion of its total value).

     

  3. The Bar Chart
  4. The Bar Chart compromises an axis which indicate the value based on the unit-thousand and a series of labeled horizontal relatively represent its Gains, Loss, auto calculated by TradeMax and each vertical bar will show different values . So the users can find it very easy to compare the data and quickly make good investment strategies.

     

  5. Summary Information of the report
  6. In this part, TradeMax will show users the total trading quantities, total and average profit/loss , total average net gains and total commissions within a set time period, so the users who bother to view the charts can also find the summary information of your trade performance here.


Realized Gain and Loss Pie Report



Realized Gain and Loss Pie Report

Realized Gain and Loss Pie Report

Realized Gain and Loss Pie Report – This report is for those users who want to calculate trading performance for each security and track the realized gains and losses for a fiscal year or date range. With this report, users also can quickly view the performance of securities and draw conclusion based on the demonstrated information so as to make better investment strategies. Note: Realized gains and losses are calculated on the basis of trading value.

    Realized Gain and Loss Pie Report is divided into three parts:

    • The Gain and Loss Pie Chart – Display the gain and loss of specific security and its percentage and proportion in total value.
    • The Bar Chart – Display total value of gains, losses, withdraw, deposit of the selected securities within a fixed period of time.
    • The Summary Information- Display the total trading quantities, total and average profit/loss , total and average net gains.
  1. The Gain and Loss Pie Charts
  2. The pie chart is divided by several radii into sectors in which relative areas indicated by different colors represent the corresponding data percentage and proportion of single security. When the users move the mouse into one segment of the pie chart, TradeMax will auto-demonstrate the information of the specific security. For example: (Google,35.94%,7,783,00 of 21,655,00 which separately indicates the security name, the percentage, and proportion of its total value).

  3. The Bar Chart
  4. The Bar Chart compromises an axis which indicate the value based on the unit-thousand and a series of labeled horizontal relatively represent its Gains, Loss, auto calculated by TradeMax and each vertical bar will show different values . So the users can find it very easy to compare the data and quickly make good investment strategies.

  5. Summary Information of the report
  6. In this part, TradeMax will show users the total trading quantities, total and average profit/loss , total average net gains and total commissions within a set time period, so the users who bother to view the charts can also find the summary information of your trade performance here.

Daily Account Value


Daily Account Value

TradeMax provides you with a simple way to track your trade data on daily basis, with the Daily Account Value function, you can easily compare and monitor your trade performance through the generated chart so as to make a better investment strategy and maximize your capital gains.

The following step-to-step wizard will show you how to generate the chart you wanted based on the imported data and the downloaded holding security prices of specific securities.

Note: You should download the security prices of the selected stocks in a fixed time period before you generate the chart.(For example, you want to generate a chart based on the trade data on Finace Year 2006, then you should set the time period within 2006).

  1. After you download the price of the security in a set time range, select the specific finance year (.i.e. FY2006) under the selected account,then click Trade Data& Report < Add Report < Daily Account Value.
  2. The Daily Account Value option will automatically add to the sub-menu under Trade Data & Report.
  3. Click Daily Account Value tab to run the chart or set the parameters of the charts.
  4. A Edit view dailog box pops up as below:
  5. Basic Function
    Wactch List
    The title of the list
    Button
    Select the column header from the dropdown list by click the specific option under Type, then click Button to add this option.
    Button Select the specific column header under Type, then click Button to hide it, the chart will not display this option.
    Type
    The different types of column headers in this column
    Symbol The trading currency of the symbol
    Color The user can set color to indicate the line of specific colomn header in the chart.
    Day Set the day for moving average value, you can set Five day, Seven day, etc, the five-day or seven-day average value will be auto-calculated.
    Portfolio Value Portfolio Value is got by multipying Market Value and the shares of securities . TradeMax support settling by different currencies such as USD, HKD, CAD, GBP,etc, different currency means different value.
    Cash Balance The cash balance means the cash you are holding after you buy and sell the security. As you trade securtiy in different currency, if you select USD as your trading currency, TradeMax will show the USD cash balance. as for other currency, different currency means different cash balance.
    Account Value Account Value equals Portfolio Value + Cash value
    Moving Avg The average value of securities calculated on five-day or seven-day basis
    Buy&Sell Amount The transaction number of times on daily basis
    Buy&Sell Amount Total The total trade amount you buy and sell on daily basis
    Trends Comparison
    The comparison between your securities’ index and other index (i.e Dow Jones), the comparison can display your trade performance to see if your index is above or below other index.
    Y Axis min value
    1. Apply 0 to Y Axis as min value(default)2. Use default min value as Y Axis min value
    Summary Info
    TradeMax will show users the total trading quantities, total and average profit/loss , total average net gains and total commissions within a set time period, maximal drawdown and percentage,so the users who bother to view the charts can also find the summary information of your trade performance here.
  6. After selecting the specific column header you wanted to show(i.e Account Value, Portfolio Value, Cash Balance, Trends Comparison) in the chart, the chart will show as below:
  7. Basic Function
    1.Column Header
    the selected column header you wanted to display in the chart
    2.Account Value The line of Daily Account Market Value
    3.The line of Comparison Trend
    The line of ^DJI index compare with account value
    4.Portfolio Value
    The line of Daily Portfolio Value
    5.Cash Balance
    The line of Daily Cash Balance
    6.Tip Box
    When your mouse move to some point of the line, a small notification window will show to tell you the basic information of the trades on that day.
    7.Left Y Axis Left Y Axis indicates the trade total value based on the unit : thousand
    8.X Axis X Axis indicates the specifc date
    9.Right Y Axis Right Y Axis indicates the percentage of the total value
    Statistics Information
    Daily Account Value Statistics
    • From 2009-01-01 to 2009-12-312009-1-1 is report Start Date,2009-12-31 is report End Date
    • Start Date Account Market Value 100,000.00End Date Account Market Value 162,148.00(62.15%)

      Daily Account market value (include securities & cash Value)

      In this case, End Date market value(162,148.00) increased by 62.15% than Start Date
      market value(100,000.00)

    • Maximal Drawdown 24,735.00(17.16%) It is defined as the biggest drop of a given asset within a certain time period. In this case, The biggest drop for 24,735.00(17.16%)

      Max 144,104.00[2009-04-16], Min 119,369.00[2009-06-30]

      The biggest drop from the highest 144,104.00[2009-04-16] down to the lowest 119,369.00[2009-06-30]
      (Marked by the triangle in the chart)

    Realized Gain&Loss Statistics
    • Realized 6 Total trades. 4 wins/2 losses. Total commission: 81.67In this case, Realized Gain&Loss has 6 total transactions. 4 Wins and 2 losses. Total commission is 81.67
    • Realized Total profit 21,726.33, Realized Total loss 2,133.00, Realized Net profit 19,593.33Realized Net profit = Realized Total profit – Realized Total loss
    • Average profit per trade 5,431.58, Average loss per trade 1,066.50, Average net profit per trade 3,265.56 

      Average loss per trade 1,066.50 = Realized Total loss 2,133.00 / 2 losses

      Average net profit per trade 3,265.56 = Realized Net profit 19,593.33 / 6 Total trades

      Average profit per trade
      5,431.58 = Realized Total profit 21,726.33 / 4 wins

    Mark to Market Gain&Loss Statistics
    • MTM 10 Total trades. 8 wins/2 losses. Total commission: 105.00 In this case, Mark to Market Gain&Loss has 10 total transactions. 8 Wins and 2 losses. Total commission is 105.00
    • MTM Total profit 64,281.00, MTM Total loss 2,133.00, MTM Net profit 62,148.00MTM Net profit = MTM Total profit – MTM Total loss
    • Average profit per trade 8,035.13, Average loss per trade 1,066.50, Average net profit per trade 6,214.80 

      Average loss per trade 1,066.50 = MTM Total loss 2,133.00 / 2 losses

      Average net profit per trade 6,214.80 = MTM Net profit 62,148.00 / 10 Total trades

      Average profit per trade
      8,035.13 = MTM Total profit 64,281.00 / 8 wins

    Total Sales
    • Short Term Total SalesTotal sales amount if the Assets hold one year or less
    • Long Term Total SalesTotal sales amount if the Assets hold more than one year
    • Short Open Position Total SalesTotal sales amount if the Investors have sold short but not yet covered or closed
    • 1099 Gross Sales (added broker fees to cost basis)1099 Gross Sales = Short Term Total Sales + Long Term Total Sales + Short Open Position Total Sales

      Gross proceeds less commissions (did not add broker fees to cost basis) = 1099 Gross Sales – Realized Total Sales commission

Run Reports


Run Reports

TradeMax offers a simple and clean solution to run report for your tax and analyzing your trading performance purpose.

Before you run a report, you need do the following step:

 

Enter Your SSN and Name

  1. Click the Main Button on the upper left corner of the Trade window and press the Options Button

  2. Options dialog box will pop up:

  3. Enter your name and SSN and your name will appear on your upper left section in the running report
  4. You can click the checkboxes to:
    • Make the Exercised/ Assigned securities’ Buy/Sell price same as the strike price of option.
    • Auto-Expire unexercised/ unassigned options at 0 price on expiration date
    • Auto scan the trade errors.
    • Update your TradeMax software when running TradeMax each time.

     

  5. If you want to upback TradeMax data, click to view the directory of the database.
  6. You can also change the SSN by redoing the above step 1 & step 2

 

The following will show you how to Add a Report to Account List

Many investors trade security in other currencies such as EUR, CAD, AUD, JPY, HKD, GBP, CHF, TradeMax now supports running report in your base currency and in USD currency for tax purpose.

The Base Currency is the first currency quoted in a currency pair.  The base currency is referred to as the parent currency and exchange rates are quoted in per unit of the base currency.  The base currency is the more valuable currency.  Therefore in the HKD/USD currency pair, the HKD is more valuable than the dollar, so it is the base currency.  The base currency is also known as the accounting currency or domestic currency. TradeMax supports running reports on the following base currencies such as EUR, CAD, AUD, JPY, HKD, GBP, CHF.

The Tax Currency is the default currency USD.

TradeMax provides two options to generate the report:

Option 1 : Click the Report Button in Trade Panel.

Option 2 : Select the specific report from the right menu of Trade Data.

 

Option 1 : In order to simplify the process of generating reports, you can click the Report Button (shortcut button) in Trade Panel. the following will tell you how to generate the report by clicking the shortcut button.

  1. Click the Report Button in Trade Panel.
  2. The Report Wizard dialog box pops up:
    • Select the specific account that you want to generate the reports from dropdown list.
    • Select the specific Finance Year that you want to generate the reports from dropdown list
    • Select the specific report you want to run from the dropdown list. After you select the specifc report, the specific report icon will be auto-generated under Trade Data diretory.
    • Select the currency type from the dropdown list.
    • Note: Please use End of Tax Year function to generate baseline position or Enter Your Year End Baseline Position before generating the reports, otherwise the results will be inaccurate!

Option 2 : You also can generate your reports by clicking the specific report icon under Trade Data direcoty after you select it from the right menu of the Trade Data

  1. Right-click the Trade Data view in the Account List and select the specific report.
  2. As you see, there are a dozen reports:.

    1. Cost Basis Transaction Report -This report is for those users who track the cost basis in stocks, bonds and mutual funds to report a cost basis when an investment is sold.
  3. Daily Account Value – This report provide you with a simple way to track your trade data on daily basis, with the Daily Account Value function, you can easily compare and monitor your trade performance through the generated chart so as to make a better investment strategy and maximize your capital gains.
  4. Daily Market Value Report – This report is for those users who track the performance and market value of the securities on daily basis in specific finance year. The report will show the portfolio of every transaction on daily basis.
  5. IRS Schedule D-1 – This report is for those users who require a more exact replica of the IRS form.
  6. Mark to Market
    Detail Report
    – This report is for those users  want to record the price or value of a security, portfolio on a daily basis to calculate gains and losses or to confirm that margin requirement are met.
  7. Mark to Market For Form 4797 – This report is for traders in stocks, options and single-stock futures who elect mark-to-market accounting to report their trading activity on Form 4797
  8. Mark to Market Gain/Loss Pie Report – This report is for those users who want to calculate mark to market trading performance for each securities and track the mark to market gains and losses for a fiscal year or date range.
  9. Realized Gain/Loss Pie Report – This report is for those users who want to calculate trading performance for each securities and track the realized gains and losses for a fiscal year or date range.
  10. Realized Gain/Loss Report – This report is for those users who require trade transaction detail. Such as Security, Quality, open price, Open date, Open Commission, close price, close commission, sales price, cost basic, Actual gain &lose for each transaction. Moreover, it can be grouped by ID, Symbol, or TradeDate.
  11. G& L Report – This is the default report created by TradeMax for filing with Taxes.
  12. SummaryReport – Display or print a trade summary report. This valuable summary or aggregation of an entire ID or Symbol allows a user to see how one Symbol performed versus another
  13. Transaction Detail Report – A report display all trade detail. This report lists each and every transaction as displayed in the grid. Additionally, the profit or loss can be summed by Trade Number, Ticker, or Date.
  14. Unrealized Gain/Loss Report – This report is for those users who  want to get the information of Gain/Loss when the price of the securities decrease or increase after buying, but he or she has yet to sell it.
  15. Wash Sale Detail Report – This report allows you to analyze your disallowed wash sale losses that have been deferred to next year
  16. Section 1256 Report – This report is for those users who want to get the information of Unrealized Gain/Loss amount and 60% long term amount and 40% short term amount auto-calculated by TradeMax as an attachment to Section 1256 contract.
  • You will see the selected report under the Trade Data view like this:
  • If you run the report in Base Currency, on the left side of your selected report title will dispaly your base currency. As the pricture showed above, HKD appears on the left side of IRS Schedule D report . If you run the report in Tax Currency (the default currency is USD), as you can see from the aboved picture, USD appears on the left side of the report title.

    Notes:

    Unregister edition will pop a register remind dialog box when you run the report:

    • You can register your TradeMax by entering the Registration Name and Registration Code and press the Register button
    • You can also click Buy Now to buy the Registration Code
    • A free trial version can only generate report from a data range 1/1 to 6/30 and can’t export to pdf and excel.

     

     

    G& L Report


    G& L Report – This is the default report created by TradeMax for filing with Taxes.

    Now, we will show you how to run a G&L Report:

      Click the item G&L Report in the Account List, you will get the following report preview

      Basic Function
      Short /Long Term Capital Gain /Loss Subtotal The actual Capital Gain amount in the current account. It contains the Short Term Capital Gain Total and Long Term Capital Gain Total.

      Note: With using the Rounding method, the error could be limited within 0.01.

      Total Wash Sales Defer to Next Year

      Display the amount of wash sales deferred to next year

      Realized Gain Total Amount Display realized gain total amount

    IRS Schedule D-1


    IRS Schedule D-1 – This report is for those users who require a more exact replica of the IRS form.

    Schedule D-1 of Form 1040 provides additional space to list short and long-term capital gains and losses. Schedule D requires taxpayers to list their short and long-term capital gains and losses. However, it may not provide enough space to list all applicable transactions. This schedule allows taxpayers to include all qualifying transactions. The date of each transaction and the purchase and sale price of each security should be included.

    Now, we will show you how to run an IRS Schedule D-1:

    Note: Please enter your Name and SSN before run the report with the Option button in the Main Button.

      Click the item IRS Schedule D-1 and you will get a report just like the IRS form.

    SummaryReport


    SummaryReport – This valuable summary or aggregation of an entire ID or Symbol allows a user to see how one Symbol performed versus another.

    Now, we will show you how to run a Summary Report:

    Click the item Summary Report, you will get the following report:

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