Handle your wash sales and generator your Schedule D

You can split your trade as following:

1. Select the trades you want to split.

Learn more about: How to select trade records.

2. Right-click the selected record and select the Trade Split in the context menu:



 

3. A Trade Split dialog box will pop up:



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 company’s 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 vary widely as to report spinoffs on their statements. Stock Merge-– The combination of two or more corporations into one.
2.Transaction Date	The very date you split the security
3.Account	Choose the specific account name from the account 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 filed 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 filed 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 automatically calculated by New Security Quantity/Old Security Quantity.

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

4. After pressed OK button, the following new record display:

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

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

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 the various brokerage statement.

Make the adjustment just 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. There are the following option from its dropdown list : Stock Split/Reverse Split -– A corporate action in which a company’s 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 vary widely as to report spinoffs on their statements. Stock Merge -– The combination of two or more corporations into one.
2.Transaction Date	The very date you merge the security to another
3.Account	Choose the specific account name from the account 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 filed 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 filed 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 automatically calculated by New Security Quantity/Old Security Quantity.

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

4. Afer you pressed OK button, the following new record display:

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

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

A Spin-Off is a new company formed by a split from a larger one. Brokers vary widely as to 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 adjustment just as follows:

1. Select the records referring Spinoff
2. Right-click the record and select the Trade Spinoff from its 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 company’s 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 vary widely as to report spinoffs on their statements. Stock Merge -– The combination of two or more corporations into one.
2.Transaction Date	The very date you spinoff the security to another
3.Account	Choose the specific account name from the account 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 filed 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 filed 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 automatically calculated by New Security Quantity/Old Security Quantity.

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

4. Afer you pressed OK button, the following new record display:

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

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

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.

• Right click the My Broker(s) or broker folder
• Right click specific account
• Right click view FYxxxx
• Right click the view FYxxxx and select the Add View
• Right click the view Trade Data and select the Add Report

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

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.

2. Right click the account, you will get the following Menu:
   
   

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

3. Right click view FYxxxx, you will get the following Menu:
   
   

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

4. 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

5. 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.

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.

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.

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

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

   

 

 

 

To apply changes to all trade records with the same symbol, TradeMax provides users Edit Symbol function.

With this function, users can edit Symbol Name, Underlying Stock, Type, Rate, Strike Price, Expire Date, Exchange Market, Rates.

• Edit Symbol in the Trade Data View
• Edit Symbol in the Symbols View

 

Edit Symbol in the Trade Data View

1. Click the Trade Data view in the Account List to go to the Trade Data View
2. Click the row header to select the specific trade record
3. Right-click the record and select the Trade Adjustment>Edit Symbol in the context menu
4. The following dialog box will pop up:

   Learn more about: Symbol box parameter

5. Edit specific parameter in the box and click OK. Pop up the following confirm box:
6. Click Yes to apply change to all trades or No to change the selected one only.

 

 

Edit Symbol in the Symbols View

1. Click Symbols view under the Account List to go to the Symbol View
2. Click the parameter cell to activate it and then edit it with you keyboard and mouse
3. Pop up the following confirm box
4. Click Yes to apply change to all trade records with the same symbol or No to change the selected one only.

 

 

Trade Max provides you powerful function to filter your trade by adding different view. You just need to right-click specific item in the Account List and select the Add View function in the context menu.

You can

• Add a preset view in the context menu.
• Costom a view
• Delete a view

 

 

 

TradeMax allows you to delete view easily.

Right-click a specific view (for example, Jones & Rachel) under the broker tree and select Delete View function in the context menu to delete the view