Mark to Market Detail Report |Form 8949 Capital Gain & Wash Sales calculator software

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:



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.)

2. 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