To append a trade, please follow these steps:

Step 1: Run TradeMax and go to Account.

Step 2: There are 3 methods to append a trade:

a. Click Append button in Trade tab, then click Trade Append. A dialog box will pop up.

b. Right click on the trade window. A menu will pop up. e.g.: Choose Trade Append>Buy to Open (Open Long)

c. Click the Append button. A dialog box will pop up.

Step 3: The popup dialog box allows you to record the purchase of a security below:

    Function

    Description
    Enter Transaction Select Transaction Type.

    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 that you are purchasing shares for.
    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, leads to  pop ups of a list of suggestions to the user based on the characters entered.

    Type Specify the Type of trade transaction. Available choices are: Stock/Option/Future
    Number Of Shares
    For Type of Stock, this field specify the number of shares been traded. For Type of Option, this field specify the hands of options been traded. Normally the value of 1 indicates the option of exercising 100 shares of Stock.
    Orig Currency

    Original Trade Currency type.

    There are seven Currency types in the dropdown list:

    USD, EUR,CAD,AUD,JPY,HKD,GBP

    If you choose EUR,CAD,AUD,JPY,HKD,GBP as Orig Currency, the dailog box will appear an icon , click this button, the dailogbox will extend.

    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.

    Price (per share) The transaction price of Stock/Option per share/unit.
    Base Price The share price at Base currency price.
    USD Price The share price at USD Currency price.
    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.
    Base Rate The exchange rate Original Currency/ Base Currency.
    Selt Rate The exchange rate Base Currency / USD Currency. Or directly query the Selt Rate in “Currency Exchange”.
    USD Rate The exchange rate Original Currency/ USD Currency.
    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).
    Base Commission Automatically calculate Base Commission by Commission* Base Rate.
    USD Commission Automatically calculate USD Commission by Base Commission* USD Rate.
    Amount The “Amount” will be calculated automatically since you enter the “Number of Shares”, “Price” , and “Commission”.
    Base Amount The “Base Amount” will be calculated automatically since you enter theBase Rate”.
    USD Amount The “USD Amount will be calculated automatically when you enter the“USD Rate”.
    Notes Enter the description of the transaction.
    Trade Include In Year
    Select the checkbox to activate it and enter the specified tax year.
    Deferred cost If your position is a wash sales defer loss position, just enter your defer cost in Deferred Cost Field.

    Used to enter the deferloss of this appending transaction.

    Click thebutton to cancel the appending process.
    Click thebutton to enter another new transaction.
    Click thebutton to finish the appending process.
    Click thebutton to get more detailed trade transaction.

Step 4: Enter information of this transaction and press the button to finish the appending process.

Note:

When you input Previous Year Holding Position trade, you must activate Trade Include In Year [2008]. If your baseline is 2007, change the year to 2007.

If your position is a wash sales defer loss position, this is a special option of Open to Long (Open Long) or Sell to Close(Open Short) .

Every year there after, you can use End Of Tax Year function to generate your year-end open positions and defer loss to your next tax year data file.