Handle your wash sales and generator your Schedule D

Option 3: Import Trades from web using Transaction History Report

If the security trader holds online brokerage account, TradeMax provides an easy wizard to import trades from web using Transaction History Report, the users just need to copy the Transaction History Report from the web of specific broker, then paste to TradeMax during the import process.

Let us take Citibank for example:

1. Select I want to import data copied from broker Transaction History Report from the pop-up dialog.



Function	Description
Account	Select an account to import your data
Trade Time Range	Automatically display the date range of existing trades in the current account
Mode	If you already have a user name and password of the selected account, select I want to connect to ***. I have a *** user name and password.
	If you have trade data in your computer, please select I want to import data from local file.
	If you want to skip the file downloaded process, just select I want to import data copied from broker Transaction History Report.
Include Baseline	If you have already appended baseline position, you will need to select the checkbox and enter your specific tax year or select it with the arrows at the right side

2. Click Next, the Clipboard Data dialog box appears:



3. You just need to log on the website of specific broker, copy the transaction history.



4. Click “Paste” button to paste the data into the clipboard of TradeMax.



5. Click Next Button to continue.



Function	Description
1. Profile Name	Preset import profiles for importing trade data. With the default profile, you can skip Step 2, Step 4 and Step 5 Profiles Options: 1.Broker Profile: ScoreTrade, Interactive Brokers, E*Trade and so on 2.File Profile: Quicken Interchange Format(*.QIF), TradeLog(*.TDF), Open Financial Exchange(*.OFX), *.csv, *.txt, *.xls, *.qfx. 3.Profile Wizard: Setup a temporary profile or replace it with specific one to setup a new profile which can be re-used to import a similar file Default is : Broker Profile like ScoreTrade; Quicken Interchange Format(*.QIF), TradeLog(*.TDF), Open Financial Exchange(*.OFX)
2. Sample Data	The Sample Data of specific broker will display in this field, if the data file you copied from the broker doesn’t match the required format of corresponding profile, a notification window will pop-up. Note: If the data doesn’t match, you can select Profile Wizard from the droplist of Profile Name to make some settings.
3. Short Transaction Detection	If this function is activated, whenever TradeMax imports a sell before a buy for a symbol with no shares currently open, the trade will be recorded as short. Note: You shouldn’t select Short Transaction Detection , if you did not Enter the Baseline Positions or Include the Baseline Position. In this case, the TradeMax will assign the close long transaction as an open short transaction
4.Buy to Cover long Transaction Detection	If your online brokerage accounts allow the conversion of an open, short position to an open, long position with a single buy transaction (and vice versa). You can activate Buy to Cover long Transaction Detection function to allow TradeMax to make the necessary adjustments during the import process. TradeMax will automatically split up the single “buy” transaction into two - one to close the short position, and another to open up a new long position.
5. Import File	Click File Browser Button to select data file from your computer.

6. Click Next to pop up Map Field dialog box.



In this step, you can map your data by assigning or mapping the column header. (With the default profile, this step will be skipped.)

7. Click Next to pop up Symbol Vilidation dialog box.



8. Click Next to go to next step



Click Finish Button, a File Save As dialog box appears to give the the users facility to setup the profile as a new one in profile list for you to import trade more easily.



9. Click OK button to next step, the trade data is imported.

You are selling 2010 version on net. I need to prepare tax return for year 2009. Do I need to buy 2009 TradeMax? How?

You needn’t buy TradeMax® 2009, TradeMax®2010 includes all of functions of TradeMax® 2009 with new added features. With TradeMax® 2010 you also can generate 2009 Schedule D-1 by importing 2009 Trade data, after that, TradeMax’s step-by-step wizard will lead you to run your reports in FY 2009.

Does the TradeMax software also handle trading activity for Futures contracts or commodities?

TradeMax works with Futures and commodities as TradeMax supports Section 1256 reports into which futures, commodities is classified. So you can view your performance of commodities or futures in Section 1256 Report.

Just follow the steps below to run Section 1256 Reports:

1. Run TradeMax and import your trade data to the specific account you setup in TradeMax.
2. Choose the speicifc finance year under selected account, then right-click Trade Data folder
3. Select Section 1256 report from its pop-up list and Section 1256 Report Tab will be generated under Trade Data directory.
4. Click Section 1256 Report Tab.
5. Before generating Section 1256 reports , you will be required to select Your positon holding Date. (The default is the end of specific year)
6. The stock price of the selected date will be downloaded automatically.

   Note: As for commodities, TradeMax will require you to enter the commodities amount at year end.

7. Now, you can view your commodities’ performance in the generated Section 1256 Report.