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

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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 are not to 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:  Popular tax software programs like TurboTax© do not import and match trades properly for reporting on schedule d, and do not calculate wash sales.
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.

TradeLogtax 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.
 

Due to 500 plus trades in one security, my broker's end-of-year supplemental tax sheets did not supply me with date acquired, cost basis, nor gain/loss for this security. I had already spent about ten hours looking up the missing information, calculating gain/loss and then going back and calculating wash sales (where any mistake made in calculations means that all subsequent calculations will be incorrect).

I decided to try Trade Log although I was afraid that I would not be able to use it because of my limited computer skills. Well, using the tutorial and working slowly and carefully, in less than two hours I had a great looking Schedule D combining three accounts that had all the necessary information, including wash sales to be carried forward to 2009.

Someone who is a little more computer literate than I am could have done the work in far less time than I did, because once you click the right things TradeLog generates everything instantly. TradeLog made me feel a lot smarter than I did before using it.

Now, if I had just been smart enough to not start trading in the first place, I would be in really good shape.

D. Cooper


Thank you TradeLog, you saved my life. I had 4800 transactions that would have taken me 2 weeks to sort through. Using your product, I was able to complete my Schedule D in 15-20 minutes. Thanks again! Well worth the price.

S. Johnson


I'm not a techie. I trade stocks. Annually I process more than 8,000 trades with solid 8 digit proceeds. For the last 3 years I've run GK with no customer support (it's of the hidden variety) and countless reconciling items meaning days of hair loss (that of the pulled variety). Last year I spent 2-3 weeks on the reconciliation effort. In fear for my sanity I took a shot with Tradelog based on their website clarity. Honestly, I had been waking at night with wild expectations. Not to fear, Tradeog had me finished in one day! The SAME DAY I started I FINISHED! Customer support was responsive by e-mail and phone. Why? Because the software is easy enough to allow support personnel breathing room. It will sound weird, but this has been my best tax preparation experience ever!

J. Holladay


Thank you for your offer of support, you have a great product. I have used other trader software in years past and it has always been a nightmare. I used yours last year for the first time and it was incredibly easy and fast. I completed my D-1 with over 1000 trades within a few minutes, and for the first time it was accurate!

D. Brooks


First I want to say that TradeLog is one great software. I have been using TradeLog for many years now. I find TradeLog to be an irreplaceable tool not only for tax time but on an ongoing basis throughout the trading year.

I have referred your software to many other traders who I know are current subscribers to TradeLog. Even my accounting firm was impressed.

B. Hessenius


It's nice when a product works as advertised - no glitches, no errors, no hassle. This is my third year of using your software. Thanks for a great product.

B. Avery


First let me say quickly I am a software guy and love your software. Your product worked right out of the box for me quickly while I was on the road and your email pledging support was fantastic!

A. Gates

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