manual adjustment |Form 8949 Capital Gain & Wash Sales calculator software

Adjust Trades


TradeMax provides you with a powerful function to adjust your trades

For example, companies may spinoff or merge. Brokers vary widely as to report it 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.

    1. Stock Split/Reverse split

TradeMax allows you to split your trades easily.

    1. Stock Merge
      A merger 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.
    2. Stock Spin off
      A corporate action in which a company’s existing shares are divided into multiple shares.
    3. Inc-Income( Div, Int, etc)
      • You can achieve better control over your finances. The more TradeMax is aware of the money you have coming in, the more accurately TradeMax can estimate what you’ll have left.
      • You can save time. TradeMax remembers the details of the deposits and other income you add here so you don’t need to reenter all of the same information each month.
      • You can get valuable tax information.
    4. Reinvest-Income Reivested
      • It helps to expand an individual investor’s portfolio,
      • It enables the investor to cross-reinvest income from any investment
    5. Stock Dividend
      • It helps to expand an individual investor’s portfolio,
      • It enables the investor to cross-reinvest income from any investment
    6. Shares Added to Account
      There are times when you want to add shares of a security from an account without affecting your cash balance. For example, you may inherit shares or receive them as a gift. These transactions are different from Buys, and TradeMax provides you with a specific function to better manage your portfolio.
      • The cost per share for inherited shares is generally the value of the shares on the date that the deceased died or on an alternative valuation date. When you receive the inherited shares, record the cost per share on that date
      • The cost per share for gift shares depends on the value of the shares on the date of the gift and the price that the giver paid for the shares, as well as your sale price if you sell the shares.
    7. Shares Removed from Account
      There are times when you want to remove shares of a security from an account without affecting your cash balance. For example, if the security has been privatized, these transactions are different from Sells, and TradeMax provides you with a specific function to better manage your account.
    8. Deposit into Account
      Deposit is an umbrella term for any money you receive into any account you track in TradeMax. There are times when you want to deposit a sum of money to an account to better manage your transactions .
    9. Withdraw from Account
      There are times when you want to withdraw a sum of money from an account to conduct other transactions. TradeMax provides you with such a function to better manage your portfolio.
    10. Return of Capital

      Return of capital(ROC) refers to payments back to “capital owners” (shareholders, partners, unitholders) that exceed the growth (net income/taxable income) of a business. The ROC effectively shrinks the firm’s equity in the same way that all distributions do. It is a transfer of value from the company to the owner. Since the ROC shrinks the business and represents a return of the investors’ own money, the ROC payment received may not be taxed as income. Instead it may reduce the cost base of the asset. This results in higher capital gains when the asset is sold, but defers tax.

    11. Div Paid on ShortSales
      With the market as it is, many of you have decided to include shorting in your investment strategy. It’s quite possible that one of the companies that you shorted was one that pays a cash dividend. Mauritius Since you are likely borrowing the shares that you initially sold to create your short position, you are required to reimburse the lender of the stock for the dividends that he missed. Your broker probably notified you of that fact, and reduced your cash position in your account by the amount of the dividend.
    12. 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 all the same).
    13. Match Your Trades
      TradeMax uses strict “First In, First Out” (FIFO) trade matching as a default. It also provides the function which enables the user to abandon FIFO trade matching and “force-match” specific trade transactions together into a tax lot. It will help you to avoid changing your long-term investment to short-term one.
    14. Edit Symbol
      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,etc.
    15. Consolidate a Symbol
      “Consolidate Symbol” function helps you to consolidate different ticker symbol names.

Different symbols will occur when:
1) Trade data from different brokerages is entered;
2) during Corporate Action like merge;
3) manually append trade mistakes.

  1. Undo and Redo Action Trade Max allows you to undo the last action and redo the previously undone action.
  2. Move up and Move down Trade Max allows you to adjust the sequence of the transaction records traded on the same day by moving up or moving down the transaction records.

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.
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