Handle your wash sales and generator your Schedule D

I am using TradeMax for the first time, and have manually entered the baseline position , since this is an original baseline entry, would I write in the year the buy to open trade was done or would I have to put in 2009 to obtain a 2009 tax report?

If you held baseline positions, and you are using TradeMax for the first time, you must manually enter each open position into TradeMax prior to importing your trades for the current tax year. Doing this after importing your current year trade data will cause trades to be mismatched. (i.e.: TradeMax cannot possibly match a sale in 2008 to a purchase in 2007 or earlier if the purchase has not been entered first before importing.)

When appending Baseline position in Append dialog, You should select the checkbox called TRADE INCLUDE IN YEAR and select 2009 when you enter FY2009 baseline. Your baseline position will be viewed in the Baseline view under Finance year 2009. If you dose not click the checkbox when inputting, the trade data cannot be viewed in Baseline view and your trade data will be mismatched. You can also use Trade Edit function to change normal trade to baseline position.

If I made mistake in baseline entries, how do I deal with this?

Below are two methods to correct the baseline entries errors without uninstalling TradeMax or restarting it.

a)Edit the Baseline Record

1. Open the baseline view you edited by clicking it, select the wrong transaction record.

2. Right click the selected record, select Trade Edit from its pop-up list or Click “Edit” Tab in Trade Panel, a dialog box will pop up, you can edit this record.

b) Delete Baseline Record

1. Select the specific Finance Year under which you set up the baseline view.
2. Open the baseline view you edited by clicking it, select the errant transaction records.
3. Right Click the selected data, select Trade Delete from its pop-up list or Click “Delete” tab in Trade Panel.