tax lot |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.

Match Trades


TradeMax uses strict “First In, First Out” (FIFO) trade matching as a default. It also provides the function which enables the user to discard FIFO trade matching. It will help you to avoid changing your long-term investment to short-term one.

The following figure provides you step-to-step wizard of trade matching:

For example, if you buy HPQ 1000 shares on January 13, 2008, and 500 shares on January 14, 2008. Then sell 400 shares on February 12, 2008. You will see these transactions as records in the data grid like this:

Note: The TradeMatch function is available only if the trade’s action is closed. For example, in January 13, 2008, you sell HQP to close the position.

  1. Double-click on the cell under the column TradeMatch at far right of the row 434(refer to the picture above), or just right-click the 434 record and select the TradeMatch from its context menu.You will get the following popup box:
    According to the “FIFO” rule, the share to sell must come from the transaction happened on January 13, 2008. But in this section, TradeMax provides you the “force-match” function using which you can sell the shares of stock bought on January 14, 2008.
  2. Enter the specific shares under the column Shares to sell in January 14, 2008 (In this example, we enter 400). Then click on the OK button to finish the process and you will see the TradeMatch amount in the data grid like this:
  3. You can cancel this action with the Undo Button in the trade tab.
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