context menu |Form 8949 Capital Gain & Wash Sales calculator software

Split Trades


You can split your trade as following:

  1. Select the trades you want to split.
  2. Learn more about: How to select trade records.

  3. Right-click the selected record and select the Trade Split in the context menu:
  4. A Trade Split dialog box will pop up:
  5. Function
    Description
    1.Enter Transaction

    Select the transaction type.

    There are the following option from its dropdown list :

    Stock Split/Reverse Split –– A corporate action in which a companys existing shares are divided into multiple shares.

    Stock Spin off–– A spin-off is a new company formed by a split from a larger one. Brokers’methods vary widely on how they report spinoffs in their statements.

    Stock Merge–– The combination of two or more corporations into one.

    2.Transaction Date The actual date you split the security
    3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts.
    4.Old Security Name
    The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
    5.Old Security Quantity
    Number of shares before the specific event.
    6.New Security Name
    The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.

    If Stock Split, the New Security Name is the same as the Old Security Name.

    7.New Security Quantity
    Number of shares after the specific event.
    8.New shares Issued
    The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.

    After checking all the information you have entered, click the OK button to continue the process or click the Cancel button to cancel the appending process.

  6. After pressing the button,  the following new record will be displayed:
  7. The

    The row outlined in red displays the New Split trade record.

  8. You can cancel this action with the Undo Button in the trade tab.

Trades Merge


Merge is the combination of two or more corporations into one. Manual adjustment is required by the user to account for the new stock because of the various brokerage statements.

Make the necessary adjustments as follows:

  1. Select the records referring Merger
  2. Right-click the record and select the Trade Merge from its context menu
  3. A dialog box will pop up:
Function
Description
1.Enter Transaction

Select the transaction type.

Here are the following options from its dropdown list:

Stock Split/Reverse Split – A corporate action in which a companys existing shares are divided into multiple shares.

Stock Spin off– A spin-off is a new company formed by a split from a larger one. Brokers’ methods vary widely on how they report spinoffs in their statements.

Stock Merge– The combination of two or more corporations into one.

2.Transaction Date The actual date you merge the security to another
3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts.
4.Old Security Name
The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
5.Old Security Quantity
Number of shares before the specific event.
6.New Security Name
The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.
7.New Security Quantity
Number of shares after the specific event.
8.New shares Issued
The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.

After checking all the information you have entered, click the OK button to continue the process or click the CANCEL button to cancel the appending process.

4. After you have clicked the OK button, the following new record will be displayed:

The row outlined in red displays the New Merge trade record.

  • You can cancel this action with the Undo Button in the trade tab.
  • Trades Spinoff


    A Spin-Off is a new company formed by splitting from a larger one. Brokers vary widely as to the way in which they report spinoffs on their statements. It is impossible to automate the importing of these transactions in TradeMax, so manual adjustment is required by the user to account for the new stock.

    Make the necessary adjustment as follows:

    1. Select the records to Spinoff
    2. Right-click on the record and select the Trade Spinoff from the context menu
    3. A dialog box will pop up:

    Function
    Descripton
    1.Enter Transaction

    Select the transaction type.

    There are the following option from its dropdown list :

    Stock Split/Reverse Split – A corporate action in which a companys existing shares are divided into multiple shares.

    Stock Spin off – A spin-off is a new company formed by splitting from a larger one. Brokers’methods vary widely on how they report spinoffs in their statements.

    Stock Merge The combination of two or more corporations into one..

    2.Transaction Date The actual date you spinoff the security to another
    3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts
    4.Old Security Name
    The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
    5.Old Security Quantity
    Number of shares before the specific event.
    6.New Security Name
    The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.
    7.New Security Quantity
    Number of shares after the specific event.
    8.New shares Issued
    The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.
    9.Cost Per Old Share
    Enter the cost per share of the old security,on the date of the spin-off.
    8.Cost Per New Share
    Enter the cost per share of the new security which was spin off, on the date of the spin-off.

    After checking all the information you have entered, click the OK button to continue the process or click the CANCEL button to cancel the appending process.

    4. After you have clicked the OK button, the following new record will be displayed:

    The row outlined in red displays the New Spinoff trade record.

  • You can cancel this action with the Undo Button in the trade tab.
  • My Broker(s)


    Context Menu makes our task a breeze in windows and TradeMax makes full use of context menu function under the Account List. Right-click different item, you will get different context menu.

    1. Right click the My Broker or broker folder, you will get the following Menu

    2. Function Basic Function
      Import Trade Import you trade history.
      Add New Account Setup a new account to set you trade data
      Add View Add a view to display some specified trade data under some specified condition. MORE DETAILS.
    3. Right click the account, you will get the following Menu:

    4. Function Basic Function
      Import Trade Import you trade history.
      Add View Add a view to display some specified trade data under some specified condition. MORE DETAILS.
      Edit Account Edit the current account
      Delete Account Delete the current account
    5. Right click view FYxxxx, you will get the following Menu:

    6. Function Basic Function
      Import Trade Import you trade history.
      Add View Add a view to display some specified trade data under some specified condition. MORE DETAILS.
      Edit View Edit the current view
      End Of Tax Year End of current tax year
      TXF Export Export the TXF files to your computer. The TXF files can be imported to popular tax software such as TaxCut and TurboTax.
      Delete View Delete the current view
    7. Right click the view FYxxxx (For example FY2008) and select the Add View show you the following context menu:
      Basic Function
      Stock Contains all Stock transactions
      Option Contains all Option. transactions
      Future Contains all Future transactions
      Currency Contains all Currency transactions
      Stock Option and SSF Contains all Stock Option and SSF transactions
      Baseline Contains the baseline positions of the current tax year
      Finance Data Contains the cash flow data, for example, cash dividends.
      Trade Data Contains the all trade data for the schedule D purpose
      My holdings Contains the holding position of specific date
      Custom Customized view
    8. Right click the view Trade Data and select the Add Report, the following context menu display:
      Function Basic Function
      Short/Long Term Capital G&L Report This is the default report created by TradeMax to file with IRS.
      IRS Schedule D-1 This report is for those users who require a more exact replica of the IRS form.
      Realized Gain/Loss Report This report is for those users who require trade transaction detail. Such as Security, Quantity, open price, Open date, Open Commission, Close price, close commission, sales price, cost basic, Actual gain &lose for each transaction. Moreover, it can be grouped by ID, Symbol or TradeDate.
      Unrealized Gain/Loss Report This report is for those users who  want to get the information of Gain/Loss when the price of the securities decrease or increase after buying, but he or she has yet to sell it.
      Transactioon Detail Report This report lists every trade record as displayed in the grid. Additionally, the profit or loss can be grouped by ID, Symbol or TradeDate.
      Cost Basis Transaction Report This report is for those users who track the cost basis in stocks, bonds and mutual funds to report a cost basis when an investment is sold.
      Summary Report This valuable summary or aggregation of an entire ID or Symbol allows a user to see how one symbol performed versus another.
      Wash Sale Detail Report This report allows you to analyze your disallowed wash sale losses deferred to next year.
      Mark to Market for Form 4797 This report is for traders in stocks, options and single-stock futures who elect mark-to-market accounting to report their trading activity on Form 4797
      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.
      Daily Market Value Report This report is for those users who track the performance and market value of the securities on daily basis in specific finance year. The report will show the portfolio of every transaction on daily basis.

    Edit an Account


    TradeMax also allows you to edit an existing account with the following instruction:

    1. Right-click the account you want to edit (for example, ScoreTrade Jones) and select the Edit Account from its context menu:
    2. A pop-up window will appears:
    3. Edit the information. This box is almost the same as the box in the setup a new account, and you can learn more in the setup a new account.

    Delete an Account


    TradeMax allows you to setup an account, combine accounts and it also allows you to delete a specific account.

    1. Right click a specific account ( for example, ScoreTrade Jones) and select Delete Account in the context menu.

    2. pop up the following dialog box

    3. Type in delete to delete the account.


      Note: Delete an account will delete all data in that account.

    Edit Trades


    TradeMax allows you to edit your trade record by editing the parameters of the record. It is so easy, just like you edit a record in any other spreadsheet applications.

    With TradeMax, you can,

    Note: The multiple trade records should have the same editing parameter

    Now we provide you a step by step wizard as follows:

    • Edit a specific trade record

      1. Click trade record row heading to select the specific trade record
      2. Click the parameter cell to activate it and then edit it with you keyboard and mouse

        -OR-

      1. Click trade record row heading to select the specific trade record
      2. Press the Edit button in the Trade Tab or right-click the selected record and select the Trade Edit from its context menu
      3. A dialog box will popup:
      4. Edit the Parameter you want to change and press OK to complete the process

    • Edit multiple trade records at one time

      1. Select the records you want to edit in the Grid
        Learn more about: How to select trade records
      2. Press the Edit button in the Trade Tab or right-click the selected records and select the Trade Edit from its context menu
      3. A dialog box popup:
      4. Edit the Parameter you want to change and press OK to complete the process
      5. Then the multiple records will have the same edited Parameter

    Delete Trades


    If you find duplicated records in the data grid, TradeMax allows you to delete them with just a few clicks, as follows:

    1. Select the records you want to delete in the Grid
      Learn more about: How to select trade records
    2. Press the Delete button in the Trade Tab
      -OR-

    1. Select the records you want to edit in the Grid
      Learn more about: How to select trade records
    2. Right-click the selected records and select the Trade Delete from its context menu

    Combine Trades


    To avoid the wash sales in one day, TradeMax allows you to combine your trades with same buying slots (TradeDate, Action and Symbol are same).

    The following figure provides you with a step-to-step wizard:

    1. Select the trades you want to combine(For example, the two trades occur in May 24, 2007)Learn more about: How to select trade records.
    2. Right-click on the selected section and select the Trade Combine in the context menu.
    3. The two records become one as in the following figure:
      Column Header Value
      Quantity Sum of all combined trades
      Price Weighted average sum of the combined trades
      Commission Sum of all combined trades
      Amount Sum of all combined trades
      Notes Note the action of combining

    Match Trades


    TradeMax uses strict “First In, First Out” (FIFO) trade matching as a default. It also provides the function which enables the user to discard FIFO trade matching. It will help you to avoid changing your long-term investment to short-term one.

    The following figure provides you step-to-step wizard of trade matching:

    For example, if you buy HPQ 1000 shares on January 13, 2008, and 500 shares on January 14, 2008. Then sell 400 shares on February 12, 2008. You will see these transactions as records in the data grid like this:

    Note: The TradeMatch function is available only if the trade’s action is closed. For example, in January 13, 2008, you sell HQP to close the position.

    1. Double-click on the cell under the column TradeMatch at far right of the row 434(refer to the picture above), or just right-click the 434 record and select the TradeMatch from its context menu.You will get the following popup box:
      According to the “FIFO” rule, the share to sell must come from the transaction happened on January 13, 2008. But in this section, TradeMax provides you the “force-match” function using which you can sell the shares of stock bought on January 14, 2008.
    2. Enter the specific shares under the column Shares to sell in January 14, 2008 (In this example, we enter 400). Then click on the OK button to finish the process and you will see the TradeMatch amount in the data grid like this:
    3. You can cancel this action with the Undo Button in the trade tab.
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