Close Price |Form 8949 Capital Gain & Wash Sales calculator software

Mark to Market Detail Report


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

     

Scan Trade Status


After you import the trade data into TradeMax, some trades will be displayed in Red or Green, we can use function Scan to scan the trade status so as to view the detailed information of these Red or Green trades in Information Grid. The following will tell you how to scan trade status in TradeMax :

  1. Click the Information Tab at the down-left corner of user interface of TradeMax.
  2. The Information Grid will extend, then click Scan Tab in Information Grid or just click Scan Tab in Trade Panel to display detailed information of unmatched Trades.
  3. Function Description
    1. Red Records Red records indicate the error transaction:

    a.If there is no position on hold, a close action(Sale to Close, Buy to Cover) will generate errors.

    b.when option exercised or assigned, the strike price of the option didn’t match the underlying stock trade price.

    c. When option exercised or assigned, the quantity of the option didn’t match the underlying stock trade quantity..

    d. When the option expired, the close price is not zero.

    e. Missing/Inconsistent Data fields by using Qty, Price, Commission, Fees and Rate information.

    2. Green Record Green records indicate that the closed transactions (A Sale to Close, a Buy to Cover ) close all your holding open position.
    3. Information Grid Information Grid display error trades after scanning.

    Error Trades may caused by the wrong action , quantity, sequence of the trade.

    Note: You should manually adjust the action , quantity, sequence of the trade to correct these errors.

    4. Scan You can click the Scan button to scan inaccurate trade status.
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