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.

Mark-to-market (MTM) accounting enables a trading business to change the tax status of their earnings from capital gains/losses to ordinary income/losses, thereby avoiding the $3,000 capital loss limitation and the wash sale rule.

The following will tell you how to run a Mark to Market Detail Report

  1. Click the item Mark to Market Detail Report, you will get the following window:
  2. After you press Download button, the price of the holding securities at the end of specific finance year will be downloaded. (For example: we choose the transaction data in FY2007, TradeMax downloads the price of the holding securities on last day of FY2007.)

  3. After downloading the price of the holding security, Mark to Market Detail Report is generated as below:
    Basic Function
    1 Report data information including Data Source, Create Date, Tax Payer and Page of Total
    2

    Display the detailed information for all transactions in the current account and current period under Mark to Market Accounting method.

    3 Display the Mark to Market Detail Report Actual Gain & Loss Amount

    The following grid give a detailed introduction about the report .

    Function

    Description
    1.Symbol

    The security name

    2.Open Date The purchase date of the security
    3.Action Action name in TradeMax
    4.Quantity The shares of security you purchase
    5.Open Price The original security price
    6.Close Date The date when you sold the security, if you haven’t sold the security before the end of specific year, Trademax will treated it as the last day of the year for the transaction is under Mark-to-Market method.
    7.Close Price The security price on Close Date
    8.Acquired Amount The Amount auto-calculated by Quantity of the security* Open Price
    9.Sold Amount The Amount auto-calculated by Quantity of the security* Close Price
    10.Gain & Lose
    The Amount auto-calculated by Sold Amount – Acquired Amount