Handle your wash sales and generator your Schedule D

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 (Recommend)

1. Build-in Broker Profile: Currently TradeMax already have build-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), TradeLog(*.TDF), Open Financial Exchange(*.OFX) file, Quicken Financial Exchange(*.QFX) file
   How to import Quicken QIF file to TradeMax
3. Unknow column csv or execl 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 extra cost.

Import Sample files Follow 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 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 facilitate the users to import it directly from the local file with the following step-by-step wizard.More…

Please Notes: Some Gains & Losses Report 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 Import Instructions:

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

• Import via OFX server

• Import from downloaded CSV. file

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

• How to Backup data file?
• How to 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.

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.

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.

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

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.

How would 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 way is using Export TXF files to other software. Our TXF file contains records with WASH SALE RULE. TradeMax provides step-by-step instuctions to export trade data from TradeMax into TaxAct .

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 want to upload short-term trades on Schedule D(not Schedule D -1) – How can I do this and efile with this?

You can manually enter the short-term trades into TradeMax, then Export a TXF files to other software which support Schedule D to generate schedule D.

Or just generate a Schedule D-1 form in TradeMax based on this short-term trades data, then number this report as an attachment to Efile with Schdule D.

I am a Non-USD trader who is managing 5-6 accounts for my family and I trade Equities, Options, Futures etc. Does TradeMax handle multiple currencies across multiple portfolios and accounts?

TradeMax supports individual view and combined views, which mean you can setup different accounts to import your data files from different brokers to calculate your capital gains. TradeMax also supports combining different accounts into a new view, with the function, you can handle all of your trade data in a combined account.
As for foreign currencies, TradeMax supports the following foreign currencies such as EUR, CAD, AUD, JPY, HKD, GBP, CHF. After you import your trade data into TradeMax, TradeMax supports running various reports for tax purpose with your base currency.