Form 4797 |Form 8949 Capital Gain & Wash Sales calculator software

Run Reports


Run Reports

TradeMax offers a simple and clean solution to run report for your tax and analyzing your trading performance purpose.

Before you run a report, you need do the following step:

 

Enter Your SSN and Name

  1. Click the Main Button on the upper left corner of the Trade window and press the Options Button

  2. Options dialog box will pop up:

  3. Enter your name and SSN and your name will appear on your upper left section in the running report
  4. You can click the checkboxes to:
    • Make the Exercised/ Assigned securities’ Buy/Sell price same as the strike price of option.
    • Auto-Expire unexercised/ unassigned options at 0 price on expiration date
    • Auto scan the trade errors.
    • Update your TradeMax software when running TradeMax each time.

     

  5. If you want to upback TradeMax data, click to view the directory of the database.
  6. You can also change the SSN by redoing the above step 1 & step 2

 

The following will show you how to Add a Report to Account List

Many investors trade security in other currencies such as EUR, CAD, AUD, JPY, HKD, GBP, CHF, TradeMax now supports running report in your base currency and in USD currency for tax purpose.

The Base Currency is the first currency quoted in a currency pair.  The base currency is referred to as the parent currency and exchange rates are quoted in per unit of the base currency.  The base currency is the more valuable currency.  Therefore in the HKD/USD currency pair, the HKD is more valuable than the dollar, so it is the base currency.  The base currency is also known as the accounting currency or domestic currency. TradeMax supports running reports on the following base currencies such as EUR, CAD, AUD, JPY, HKD, GBP, CHF.

The Tax Currency is the default currency USD.

TradeMax provides two options to generate the report:

Option 1 : Click the Report Button in Trade Panel.

Option 2 : Select the specific report from the right menu of Trade Data.

 

Option 1 : In order to simplify the process of generating reports, you can click the Report Button (shortcut button) in Trade Panel. the following will tell you how to generate the report by clicking the shortcut button.

  1. Click the Report Button in Trade Panel.
  2. The Report Wizard dialog box pops up:
    • Select the specific account that you want to generate the reports from dropdown list.
    • Select the specific Finance Year that you want to generate the reports from dropdown list
    • Select the specific report you want to run from the dropdown list. After you select the specifc report, the specific report icon will be auto-generated under Trade Data diretory.
    • Select the currency type from the dropdown list.
    • Note: Please use End of Tax Year function to generate baseline position or Enter Your Year End Baseline Position before generating the reports, otherwise the results will be inaccurate!

Option 2 : You also can generate your reports by clicking the specific report icon under Trade Data direcoty after you select it from the right menu of the Trade Data

  1. Right-click the Trade Data view in the Account List and select the specific report.
  2. As you see, there are a dozen reports:.

    1. 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.
  3. Daily Account Value – This report provide you with a simple way to track your trade data on daily basis, with the Daily Account Value function, you can easily compare and monitor your trade performance through the generated chart so as to make a better investment strategy and maximize your capital gains.
  4. 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.
  5. IRS Schedule D-1 – This report is for those users who require a more exact replica of the IRS form.
  6. 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.
  7. 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
  8. Mark to Market Gain/Loss Pie Report – This report is for those users who want to calculate mark to market trading performance for each securities and track the mark to market gains and losses for a fiscal year or date range.
  9. Realized Gain/Loss Pie Report – This report is for those users who want to calculate trading performance for each securities and track the realized gains and losses for a fiscal year or date range.
  10. Realized Gain/Loss Report – This report is for those users who require trade transaction detail. Such as Security, Quality, 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.
  11. G& L Report – This is the default report created by TradeMax for filing with Taxes.
  12. SummaryReport – Display or print a trade summary report. This valuable summary or aggregation of an entire ID or Symbol allows a user to see how one Symbol performed versus another
  13. Transaction Detail Report – A report display all trade detail. This report lists each and every transaction as displayed in the grid. Additionally, the profit or loss can be summed by Trade Number, Ticker, or Date.
  14. 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.
  15. Wash Sale Detail Report – This report allows you to analyze your disallowed wash sale losses that have been deferred to next year
  16. Section 1256 Report – This report is for those users who want to get the information of Unrealized Gain/Loss amount and 60% long term amount and 40% short term amount auto-calculated by TradeMax as an attachment to Section 1256 contract.
  • You will see the selected report under the Trade Data view like this:
  • If you run the report in Base Currency, on the left side of your selected report title will dispaly your base currency. As the pricture showed above, HKD appears on the left side of IRS Schedule D report . If you run the report in Tax Currency (the default currency is USD), as you can see from the aboved picture, USD appears on the left side of the report title.

    Notes:

    Unregister edition will pop a register remind dialog box when you run the report:

    • You can register your TradeMax by entering the Registration Name and Registration Code and press the Register button
    • You can also click Buy Now to buy the Registration Code
    • A free trial version can only generate report from a data range 1/1 to 6/30 and can’t export to pdf and excel.

     

     

    Mark to Market for Form 4797


    Mark to Market for Form 4797 Report -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

    If a trader previously made the mark-to-market election,A trader may make an election under section 475(f) to report all gains and losses from securities held in connection with a trading business as ordinary income (or loss), including those from securities held at the end of the year. Securities held at the end of the year are “marked to market” by treating them as if they were sold (and reacquired) for fair market value on the last business day of the year. Generally, the election must be made by the due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective.

    The report should be printed and attached to the official IRS Form 4797 for tax filing.

    Securities or Commodities Held by a Trader Who Made a Mark-To-Market Election should fill out Form 4797 Line 10 :

    • Report on line 10 all gains and losses from sales and dispositions of securities or commodities held in connection with your trading business, including gains and losses from marking to market securities and commodities held at the end of the tax year
    • Attach to your tax return a statement, using the same format as line 10, showing the details of each transaction. Separately show and identify securities or commodities held and marked to market at the end of the year. On line 10, enter “Trader—see attached” in column (a) and the totals from the statement in columns (d), (f), and (g).

    The following wizard will show you how to run a Mark to Market for Form 4797 Report.

    1. Click the item Mark to Market for Form 4797, 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 for Form 4797 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 descriptions and gain and loss for all transactions in the current account and current period under Mark to Market accounting method.

      3 Display the Mark to Market for Form 4797 Report Total Amount of Acquired amount, Cost or other basis, and Gain & Lose.

      The following grid give a detailed introduction about the report .

      Function

      Description
      a).Description of Property

      The information of the security

      b).Acquire Date The purchase date of the security
      c). Sold Date The date 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 methods.
      d).Acquired Amt( Amount) The Amount auto-calculated by the Quantity of the security* Original price
      f).Cost or Other Basis The Amount auto-calculated by the Quantity of the security* Price on Sold sate
      g). Gain/Lose The Amount auto-calculated by Cost or Other Basis – Acquired Amt
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