A trade history program designed to help investors file taxes.
Your accurate trade accounting starts with a complete trade history. No more sifting through statements and papers, no more spreadsheets. With TradeLog, keep ALL your trade history, for ALL your broker accounts, in ONE tax year file.
Broker 1099-B reports follow IRS rules for broker reporting - but taxpayers have different reporting requirements. TradeLog uses actual trade history to generate the IRS ready reporting active traders and investors need for tax filing.
Popular tax programs were never designed to handle the complexities of the IRS wash sale rules. TradeLog was created specifically for active traders and investors to handle complex wash sale rules for taxpayers, which is quite different than the wash sale rules for brokerages.
While wash sales are typically unavoidable for active traders, some wash sale situations may have disastrous tax consequences – such as IRA wash sales which are permanently disallowed. TradeLog can be used all year long to help you avoid wash sale disasters. The Potential Wash Sales Report provides the information you need to understand your wash sale situations and make necessary trading decisions.
Traders who have elected section 475(f) status with the IRS and traders in futures and other section 1256 contracts are required to use mark to market accounting for some or all of their trading. TradeLog provides the tools and reporting needed for active traders.
*Note: Mark to Market accounting features are available only in the TradeLog (unlimited record) version.
Complicated tax adjustments are often needed for corporate actions and other trading events. TradeLog provides a suite of comprehensive editing functions.
Profitable trading involves information and analysis to understand trends, strategies, and performance. TradeLog provides powerful trade journaling and performance analysis tools to help you become a better trader.
All of the features, plus the technical support to back it up. TradeLog provides the most extensive technical support of any trader tax software.
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