Split |Form 8949 Capital Gain & Wash Sales calculator software

Does your software handle splits and reverse splits on opitons?


Q:Does your software handle splits and reverse splits, including dealing with options whose underlying has split/reverse split on opitons?

A:TradeMax can handle splits and reverse splits events including dealing with options.
http://www.itrademax.com/ipress/detailed-instructions/adjust-trades/split-trades.htm

TradeMax will auto assigned / exercised option to stock after split / reserve split event.(even the strike price or quantity will change)

In the following case,URE has a split(1 for 5) event on 04/15/2010,TradeMax will automatch the PUT Option URC100417p00009000 assigned strike price from $9 to $45,qty from 20 to 4,On gain&loss report our software will defer split option’s cost to correct underlying stock.

stock options split  match

If you enabled warning message on “Auto Assigned / Exercised Option to Stock after Split / Reserve Split Event” function in options TradeMax will give you a warning on such case

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.
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