You may have looked at other software or internet services that claim to properly calculate your trading gains and losses.
Most of them are sadly lacking. Either they are much too simplistic to handle the complex IRS laws regarding wash sales
or they do not have an automated method of importing trade history from your online broker.
Some of the more commonly-used personal finance software programs, such
as Quicken, MS Money, and TurboTax, are woefully inadequate in meeting the
IRS requirements for Schedule D reporting or are unable to handle a large
volume of trade activity. In addition, almost all of these products
offer little or no support when things go wrong.
Please take a moment to compare our software with other packages out there...you will be glad you did come tax time!
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TradeLog
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Web-Based Software
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Personal Finance Software
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Popular Tax Software
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Schedule D & Wash Sale Generators
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Direct import from brokerage trade history.
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TradeLog imports directly from your brokers online trade history and matches trades using strict FIFO trade matching. Does not rely on the inaccurate trade matching performed by your broker.
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Imports via OFX or from trade history.
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Imports
via OFX
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Imports
broker P&L
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Limited
brokerage support
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Designed for active traders with thousands of trades per year.
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If you are a short term investor doing many hundreds or thousands of trades per year, then why use a service that doesn't fit your specific needs as an active trader?
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Extensive editing and automated trade matching routines.
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TradeLog offers many functions that assist users when brokers misreport trades or list trades out of order of execution. Most other software programs fail to provide the necessary verification and edit functions to calculate your gains and losses with 100% accuracy.
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Software runs on your PC.
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TradeLog runs on YOUR computer and your brokerage account login and trade records never leave your possession.
No delays due to slow internet connections or heavy server use as with web based services.
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Calculates wash sales between stocks and options.
This is an IRS requirement!
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The IRS defines "substantially identical" securities as stocks and options on the same underlying stock and wash sales must be calculated between these transactions.
See: Wash sales between stock and options
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Able to handle your Mark to Market accounting.
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Mark to Market accounting is the wise choice for active traders of securities - see our MTM Tax Topic for details. Currently, TradeLog MTM™ is the only software program available that fully supports MTM traders.
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Limited functionality
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Limited functionality
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"Lightning fast", unlimited trade reporting for a set low price.
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TradeLog™ represents an exceptional value for active traders who execute many hundreds or thousands of trade transactions per year.
A TradeLog™ user pays a set price to purchase the software...no hidden fees or incremental charges. And all of our TradeLog™ versions come with a FREE support and software updates for your one-year subscription period.
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Free, unlimited support by phone or email.
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What will you do come tax time when you run into problems with your tax software, you need immediate help and your only support option is email?
In our opinion, all software should come with FREE phone support. Especially one that costs many hundreds of dollars per year!
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Frequent updates throughout the year.
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We respond immediately to each and every reported bug found in our software. A fix is generally provided within a matter of days. (See our Update/Download page for details.) We also try to incorporate user feedback into our software whenever possible.
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Annual subscription service with no obligation to renew in order to retain access to old reports.
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