brokerage accounts |Form 8949 Capital Gain & Wash Sales calculator software

Import Trades from Brokerage Account


Option 1: Import Trades from Brokerage Account

If the security trader holds online brokerage account, TradeMax provides an easy wizard to import trades from brokerage account.

  1. Select Import Trades from Brokerage Account from the pop-up dialog.
  2. Function Description
    Account Select an account to import your data
    Trade Range Automatically display the date range of existing trades in the current account
    Mode If you already have a user name and password of the selected account, select I want to connect to ***. I have a *** user name and password.
    If you have trade data in your computer, please select I want to import data from local file.
    If you want to skip the file download process, just select I want to import data copied from broker Transaction History Report.
    Include Baseline If you have already appended baseline position, you will need to select the checkbox and enter your specific tax year or select it with the arrows at the right side
  3. Click Next to make further changes in the settings.
  4. Function Description
    Your Online Broker Select your online broker from the dropdown list.
    User ID Manually enter your registered User ID
    Password Enter your password manually.
  5. Click Next Button to continue.
    • Online Accounts: If you have several subsidiary accounts under the main account, you can modify it or select it from the dropdown list.
    • Set the Start time and End time manually or select it from the drop down list, the trade data within this period will be downloaded. Then click Next to Step 2.

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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