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

How do I reconcile my 8949 to the Form 1099-B


Q:Form 1099-b Comes sorted by date of sale regardless of Symbol – I can’t figure out any way to look at the data that way with TradeMax. How do I do this?

If you want to report the sort is by “date of sale”,Please run short/long term Capital gain&loss report
With subtotal function,in dropdown list,select group by day.

Basic Function
1. Subtotal Field To group the report by choosing a column header from its dropdown list.

You also can use 1099 Gross Sales amount to check ,this value allows you to reconcile the Total Sales amount in TradeMax to your brokerage provided 1099-B Gross Sales amount and shows any necessary adjustments to the TradeMax Total Sales such as for open short sales and option sales.

In Daily Account Report,there will a lot of Statistics information under chart report.
The button line Include 1099 Gross sales Value & short open position total sales,

Form 8949 Report


Form 8949 Report

Form 8949 – Starting with the 2011 tax year, investment transactions will be reported on the new Form 8949, Sales and Other Dispositions of Capital Assets.

Use Form 8949 to report:

  1. The sale or exchange of a capital asset (defined below) not reported on another form or schedule,
  2. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit, and
  3. Nonbusiness bad debts.

The IRS has created a page on IRS.gov for information about Form 8949 and Schedule D at http://www.irs.gov/form8949. Information about any tax law changes or other new developments affecting Schedule D or Form 8949 will be posted on that page. Form 8949 is new. Many transactions that, in previous years, would have been reported on Schedule D or D-1 must be reported on Form 8949 if they occur in 2011. Complete all necessary pages of Form 8949 before completing line 1, 2, 3, 8, 9, or 10 of Schedule D. Instructions for how to complete Form 8949 are included in these instructions.

Now, we will show you how to run an Form 8949 with TradeMax:

Note: Please enter your Name and SSN before run the report with the Option button in the Main Button.

      Right Click the item “Trade Date & Report” > “Add Report” > “Tax Currency” > “Form 8949” and you will get a report just like the IRS form 8949.

Note: After click the Form 8949 Report, Form 8949 trans dialog box will popup.
TradeMax will require your classify transaction cost or other basis type into Type A,B,C.

Use a separate Form 8949, Part I, for each of the following types of transactions.

  1. Short-term transactions reported to you on Form 1099-B (or substitute statement) with an amount shown for cost or other basis unless the statement indicates that amount was not reported to the IRS. Check box A at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 1 of a Form 8949 with box B, not box A, checked (see 2 below).
  2. Short-term transactions reported to you on Form 1099-B (or substitute statement) without an amount shown for cost or other basis. Check box B at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 1 of a Form 8949 with box B, not box A, checked.
  3. Short-term transactions for which you did not receive a Form 1099-B (or substitute statement). Check box C at the top of page 1 of this Form 8949.

Use a separate Form 8949, Part II, for each of the following types of transactions.

  1. Long-term transactions reported to you on Form 1099-B (or substitute statement) with an amount shown for cost or other basis unless the statement indicates that amount was not reported to the IRS. Check box A at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 2 of a Form 8949 with box B, not box A, checked (see 2 below).
  2. Long-term transactions reported to you on Form 1099-B (or substitute statement) without an amount shown for cost or other basis. Check box B at the top of this page of Form 8949. If your substitute statement shows cost or other basis for the transaction but indicates it was not reported to the IRS, report that transaction on page 2 of a Form 8949 with box B, not box A, checked.
  3. Long-term transactions for which you did not receive a Form 1099-B (or substitute statement). Check box C at the top of page 2 of this Form 8949.

Include on each Form 8949 only transactions described in the text for the box you check (A, B, or C). If you have more than one type of transaction (A, B, or C), complete a separate Form 8949 for each. Check only one box on each Form 8949. For example, if you check box A in Part I of one Form 8949, include on that Form 8949 only short-term gains and losses from transactions your broker reported to you on a Form 1099-B (or substitute statement) showing that basis was reported to the IRS. If you have other types of transactions, report those on a separate Form 8949 and check the box that applies.

Note: In dialog box you can select the transactions,click “Move Selected Trans to …” button to move your trans to another type.

Click ok button ,your Form 8949 report will be generate.
Compare with standard Form 8949 report,TradeMax add “gain or loss combine columns” to the report.
So you can check the Formula results with this column,TradeMax also add “short term [a][b][c]subtotal/Long term   [a][b][c]subtotal” Field to help you fill schedule d form.

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