2. Enter Baseline Positions

Manually enter positions carried open from previous tax year:

 

PLEASE DO NOT SKIP THIS IMPORTANT STEP!

 

If you held positions open from the previous tax year, and you are using TradeLog® for the first time, you must manually enter each open position into TradeLog® prior to importing your trades for the current tax year.

 

Doing this after importing your current year trade data will cause trades to be mismatched. (ie: TradeLog® cannot possibly match a sale in 2006 to a purchase in 2005 or earlier if the purchase has not been entered first before importing.)

 

All trades MUST be entered and imported in the actual order that they were executed.

 

Please do not enter or import any closed positions from any year prior to the current tax year.

 

This only needs to be done once for each brokerage account. Every year thereafter, the software will automatically copy your year-end open positions to your next tax year data file.

 

You can locate a list of your open positions at year-end by viewing your December monthly statement for the previous tax year. For example, if you are working on tax year 2005, you will need to locate your December 2004 monthly statement.

 

For complete details see our online Tax Topic: Baseline Positions - Open positions from Last Year.

 

NOTE: If you have no open positions, please click the ESCAPE key on your keyboard to exit out of the enter open positions routine and to enable the Import button on the toolbar.

 

We suggest that new users review   Lesson 4 - Manually Entering Trades in our Online Tutorial prior to entering open positions for the first time.

 

Please see Manually Entering a Trade in the Comprehensive User Guide for more details.

 

You are now ready for step 3: Import Trade History