TradeLog™ takes the headache out of calculating capital gains and wash sales on Schedule D.
If you actively trade stocks, bonds, options, mutual funds, or single-stock futures and have ever tried to report these on an IRS Schedule D, then you know how painful this can be - It is an absolute nightmare!
- Are you tired of trying to match hundreds or thousands of trade transactions by hand?
- Have you struggled when calculating your short term capital gains and losses?
- Are you frustrated with the IRS wash sale rule?
- Is it simply taking too much of your valuable time to fill out an IRS Schedule D to file your taxes from trading?
- Have you elected the Mark to Market accounting method, or are you thinking about doing this in the future?
TradeLog™ tax lot accounting software ends the nightmare . . .
- TradeLog™ imports trade history from over 35 different online brokers.
- Handles an unlimited number of trading accounts which can be combined at year end for tax purposes.
- Accurately calculates capital gains and wash sale adjustments across all combined accounts.
- Prepares an IRS Schedule D-1 in minutes, not days.
- Makes any and all necessary adjustments for next tax year.
- Analyzes your trades to help you become a better trader.
- TradeLog MTM™ version for mark to market accounting.
WARNING - Your broker may not be telling you the whole truth!
Most brokers fail to disclose the fact that it is dangerous to file your taxes without tax lot software specifically designed for the needs of active traders and investors; and doing so may result in the possibility of filing your taxes in error!
Here are three little known facts that may surprise you:
1. Most broker provided profit and loss statements are not accurate due to cost basis and other data errors, and therefore cannot be used for filing your taxes.
2. Popular tax software programs like TurboTax© and TaxCut© do not match trades properly for reporting on schedule d, and do not automatically calculate wash sales, when importing directly from your online broker.
3. Most other trader tax software solutions do not calculate wash sales between "substantially identical securities" such as stocks and options as required by the IRS.
- the top choice of LEADING TAX EXPERTS:
the market that our CPA's are comfortable using at
tax time when we sign your income tax return."
—————
CEO & FOUNDER OF
GREEN & COMPANY CPA's, LLC
—————
and sales per year will love the way this software
automates the process of preparing Schedule D."
HARVARD LAW SCHOOL GRADUATE,
TAX ATTORNEY, TRADER TAX EXPERT
USER TESTIMONIAL:
You've saved my hide two years in a row now. Last year it was Turbotax telling me "you seem to have more than 3000 trades... please go away". Panic! Fortunately Tradelog could import the whole bunch and prepare a schedule D-1 that could happily co-exist with TurboTax.
In 2008 I day-traded some symbols and, after the fact, my broker sends me a letter: "sorry, we can't properly track all those trades". My 2008 Supplemental Information (yeah, from you know who) includes 7 pages of trades with basis "unknown" and Gain/Loss "unknown". Panic! TradeLog sorted it all out. No sweat.
Tradelog is partly so wonderful because it relies on the broker for so little... just give it the history and it figures the rest out. Correctly. I was able to deal with changing company names and symbols. Deal with expired otpions. My 1099-B reconciliation reports matched the broker exactly both years. I have confidence in what I'm telling the IRS about several thousand trades.
I'm not only satisfied, I'm suitably impressed.
J. Ball
Please don't put this off any longer. Let TradeLog keep track of your trading gains and losses and get a head start on the 2010 tax season -
Purchase your copy today!
Copyright Infringement Warning
While we agree with the old adage: "imitation is the highest form of flattery,"
please note that we take copyright infringement very seriously!