trademax |Form 8949 Capital Gain & Wash Sales calculator software

What’s New in TradeMax Ver 2015 – Software for capital gains tracking


TradeMax™ Ver 2015, inheriting the features of version 2014, perfects its functions by expanding its Appliacition Module,Report Module.

  • Speed up trade data load time, 200% performance boost
    Compare with TradeMax 2014 trade data load time, TradeMax 2015 show 200% performance boost, it loaded 100,000 records just in 10 seconds. TradeMax 2015 performance that’s fast and powerful, and much more.
  • Software for capital gains tracking
  • Support IRS Form 8949
     A new tax form for reporting capital gains and losses from stocks, bonds, mutual funds and similar investments.
  • Application can handle 2GB+ address

 

How to import TXF file into turbotax


Q)How to import TradeMax TXF file into turbotax?

With TradeMax, you can export your gains and losses to popular tax software programs with the TXF Export function.Here we will provide you with a step to step wizard to show you how to export your TXF file with the TXF Export function

For example, if you want to export the FY2008’s G & L Report to TXF file, you can do the following:

  1. Right click the folder FY2008 under the Trade Bar and select the TXF Export from its context menu:
  2. Following dialog box will pop up:
  3. Select the path & File name to save your TXF file.
  4. Press Save button to finish the process. Now you can find your TXF file in your selected path.

(more…)

Import Trade History


Technically, TradeMax supports every broker, known or unknown, as long as this broker provides a statement in CSV/EXCEL format or Quicken Qif,QFX fomart / Money OFX format or OFX server connection. Without changing codes, TradeMax allows users to define their own templates which suit the CSV format of their broker data.

There are Four options to import your trade data into TradeMax:

A) Import Trades from online Brokerage Server(OFX Server)

If you want to download trades from online brokerage account, select this option. Please check our supported broker’s OFX server list, if your brokerage provide ofx data service and not listed in our list, you can send your broker name & ofx server url to contact form we will add it to TradeMax.

B)Import Trade Activity data from local file (Recommended)

  1. Built-in Broker Profile: Currently TradeMax already havs built-in template for IB and ETrade, ScotTrade, OptionsXpress, TdAmeritrade, Schwab, Person,Sogotrade and more.(Please check our supported brokers list),
  2. File Profile: TradeMax can support Quicken Interchange Format(*.QIF), Micorsoft Excel(*.xls), Open Financial Exchange(*.OFX) file, Quicken Financial Exchange(*.QFX) file
    How to import Quicken QIF file to TradeMax
  3. Unknown column csv or excel file:You can either define your own template with trademax profile wizard function or send us a sample CSV or Xls data file with 8~10 lines of transactions in it for importing, we will build template for customer without any extra cost.

Import Sample files

The following documents contains sample trade data that you can download to practice or use as templates for importing transactions into TradeMax.

Trade Activity Sample Files.xls (Profile Wizard[*.xls])
Each Record has TradeDate,Symbol,Action,Qty,Price,Commission,Amount
15 kB
Realized Gain and Loss Report.xls (Profile Wizard[*.xls]) –
(Symbol,qty,open/close date ,Proceeds /Cost Basis in single record)
18 kB

C) Import Realized Gains and Losses Report from Local File
If you already have Realized Gain and Loss Report, TradeMax can help you to import it directly from the local file with the following step-by-step wizard.More…

Please Note: Some Gains & Losses Reports do not have year end open postion,this will effect wash sale calculating.

D) Import Trade data copied from broker Transaction History Report
You can copy your Broker’s Transaction History report from the web browser and paste to TradeMax during the importing process. More…

Vanguard


Vanguard Import Instructions:

There are two different methods to importing your trade history from Vanguard into TradeMax (select a method for detailed instructions):

Back Up and Restore


TradeMax can backup and restore your data files, the following will tell you :

Restore a Backup File


To restore a backup file, follow these steps:

Step 1: Run the TradeMax and go to Account.

Stpe 2: Choose Restore button on the Trade Tab, a dialog box will pop up.

Step 3: The popup dialog box allows you to enter the Restore information.

Function

color=##000099 >Description
Save file

Click the browse to select the back up folder and file name.

Password Password for back up file.
Import Account If the account you want to import doesn’t exist, select the Import Account checkbox. New Account will be automatically added.

Click thebutton to continue the restore process.

Step 4: Match account.Import the data file from Account In File into Account In Program.

Function

Desciption
Account In File

Account list in backup file.

Account In Program Import Account list.

If you want to import Account in File: AB Watley(see person) into Account in Program: Score Trade Jones:

1. Select Score Trade Jones from the dropdown list under Account In Program to match. If Import Account not exist, select Ignore to match.

2. Click thebutton to continue the restore process.

Step 5: Trade Record Preview dialog box will pop up.

1. Review all the data in Trade Record Preview dialog box.

2. Drag the scrollbar to the right to confirm the import data (Default is: Import All).If not import, uncheck the check box.

3. Click the button to complete the restore process.

Back Up Data File


To backup a data file, please follow these steps:

Step 1: Run the TradeMax and go to Account.

Stpe 2: Choose Backup button on the Trade Tab , a dialog box will pop up.

Step 3: The popup dialog box allows you to enter the Backup information.

Function
Description
Password Enter Password to discourage unauthorized access to your data file.
Pwd Check Renter the Password.
Save file Click the save file button to select the backup folder and file name.

Step 4: Click the button to finish the backup process.

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


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 under which futures and commodities are 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 specific 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 the year end
  7. Now, you can view your commodities’ performance in the generated Section 1256 Report.

How can I get the data out of your software and into tax software without a lot of manual intervention?


How can I get the data out of your software and into tax software without a lot of manual intervention?

TradeMax supports exporting trade data into other software such as TurboTax, Tax Cut, Quicken, etc. One of the best ways to export data is by using Export TXF files function to other software. Our TXF file contains records with WASH SALE RULE. TradeMax provides step-by-step instructions to export trade data from TradeMax into TaxAct .

Baseline postion has been entered, should I write in the year that buy to open trade was done or do I have to put in 2009 to obtain a 2009 tax report?


I am using TradeMax for the first time, and have manually entered the baseline position. Since this is an original baseline entry, should I write in the year that the Buy to Open trade was done or do I have to put in 2009 to obtain a 2009 tax report?

When holding baseline positions and using TradeMax for the first time, each open position must be manually entered into TradeMax prior to importing  the trade sequences for the current tax year. Manually entering the open positions 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.)

When appending Baseline position in the Append dialog, select the checkbox called TRADE INCLUDE IN YEAR and select 2009 when entering the FY2009 baseline. The baseline position will be viewable in the Baseline View under Financial Year 2009. If not done properly when inputting the Baseline position, the trade data cannot be viewed in Baseline view and the trade data will be mismatched. Alternately use the Trade Edit function to change a normal trade to baseline position.

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