IRS schedule d, wash sales in 15 minutes or less!

If you actively trade stocks, 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!

FACT #1:  Most static broker provided profit and loss statements are not accurate and should not be trusted for capital gains tax purposes. This is usually due to incomplete cost basis records for positions held open at the end of the previous tax year, or mismatches due to stocks splits, mergers, and name changes. 

FACT #2:  Static broker provided profit and loss statements cannot be used for tax purposes if you have more than one trading account because the IRS wash rule requires you to calculate wash sales across ALL your trading accounts.

See Trader Tax Misconceptions for details.

FACT #3:  Most other software solutions do not calculate wash sales between short and long trades, and between "substantially identical securities" such as stocks and options as required by the IRS.

See our Dare To Compare page for details.

TradeLog™ tax lot accounting software ends the nightmare...

  • TradeLog™ imports trade history from over 30 other 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.
 
TradeLog is an absolutely incredible product!  I recently became an active trader, and the "wash-sale rule" was becoming a nightmare for my tax return. I tried Ameritrade's "GainsKeeper" software, and the numbers it reported made no sense at all to me - it reported a gain for 2007 far larger than my actual (net) income from trading.

In a panic, I did some research and learned about TradeLog. I purchased, downloaded, installed and ran the TradeLog software with absolutely no problems - the online help and Web site operation is outstanding! Ultimately, I was presented with a 100% accurate (to the penny!) gain/loss report for my tax return.

This is completely amazing and impressive to me. Thank you for providing the highest level quality of software and support that I have ever experienced!

L. Simmons

I've been a happy user of your software for several years. However, my trading activity has been limited by my full time job. Now that I'm retired, I use your beautiful software daily. In that regard, I'd just like to say how much I appreciate TradeLog and the information it provides. It is invaluable for my day trading activities. Thank you so much,

D. Childs

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