1. Create a new file

Create a new data file for each brokerage account and each tax year:

You must create a separate data file for each brokerage account and each tax year using the File, New menu item.

TradeLog® will prompt you to name your file with the tax year you are working on (referred to as the "Current Tax Year"), followed by a descriptive name for the account. Examples of properly-named data files are "2007 Ameritrade", "2008 IB Account 123456" and "2008 Schwab Joe Smith"

Do not import from more than one account into the same TradeLog® data file! If you have multiple accounts you will combine them at year end for tax reporting purposes.

TradeLog® has been designed to match trades for one brokerage account per year per data file.

• Importing from more than one account in a data file will result in mismatched trades.

   

• Importing more than one year's worth of data will skew the results in the Gains & Losses report. One years worth of data include Jan trades of the next tax year which are required for wash sale calculations. (ie: Jan 1, 2007 to Jan 31 2008 for the 2007 tax year)

   

• If you need to combine accounts after completing steps 1-5, please use the File, Combine function.

Please see Creating a New Data File in the Comprehensive User Guide for more details.

You are now ready for step 2: Enter Baseline Positions