Product Description
Track Your Trades® simplifies preparation of your tax return by generating an IRS
Schedule D (Capital Gains and Losses) tax report. Wash sale reporting is
automatically included; however, you have the opportunity to turn it off if you choose
to not display wash sales. Likewise, option trades are included, but you can
suppress them via a filter. Schedule D (and Schedule D-1) can be viewed or printed
at your convenience, or exported to TurboTax, H&R Block At Home, or Excel.
Track Your Trades is also a streamlined method of accurately tracking your stock,
option, and mutual fund transactions. Its simplicity, speed, and compactness
appeal to traders and investors who want convenience when managing their trades.
Trades are easily entered (either manually or via import) and retrieved at your
convenience from your PC or laptop. Note: the import function does not currently
support option trades or trades of stock triggered by exercise of an option. However,
such trades can be entered manually. Also, if you've selected Specific Shares
method for finding cost basis, be advised that wash sale reporting on Schedule D
will be affected and may lead to inaccurate wash sale results.
Track Your Trades will help you strategically plan your income tax return so you can
potentially lower or avoid capital gains taxes. If strategic tax selling is part of your tax
planning, Track Your Trades is the perfect tool for finding tax-loss candidates. A
What-If wizard helps you see a trade outcome beforehand. Also, a "Show open
positions" report enables you to see whether the shares you own are eligible for the
lower long-term capital gains tax, and if so, how many shares qualify as long-term.
Consulting services such as training or Schedule D preparation may be purchased
separately. Please contact us for pricing and additional information.
Featured highlights of Track Your Trades are:
Track Your Trades® simplifies preparation of your tax return by generating an IRS
Schedule D (Capital Gains and Losses) tax report. Wash sale reporting is
automatically included; however, you have the opportunity to turn it off if you choose
to not display wash sales. Likewise, option trades are included, but you can
suppress them via a filter. Schedule D (and Schedule D-1) can be viewed or printed
at your convenience, or exported to TurboTax, H&R Block At Home, or Excel.
Track Your Trades is also a streamlined method of accurately tracking your stock,
option, and mutual fund transactions. Its simplicity, speed, and compactness
appeal to traders and investors who want convenience when managing their trades.
Trades are easily entered (either manually or via import) and retrieved at your
convenience from your PC or laptop. Note: the import function does not currently
support option trades or trades of stock triggered by exercise of an option. However,
such trades can be entered manually. Also, if you've selected Specific Shares
method for finding cost basis, be advised that wash sale reporting on Schedule D
will be affected and may lead to inaccurate wash sale results.
Track Your Trades will help you strategically plan your income tax return so you can
potentially lower or avoid capital gains taxes. If strategic tax selling is part of your tax
planning, Track Your Trades is the perfect tool for finding tax-loss candidates. A
What-If wizard helps you see a trade outcome beforehand. Also, a "Show open
positions" report enables you to see whether the shares you own are eligible for the
lower long-term capital gains tax, and if so, how many shares qualify as long-term.
Consulting services such as training or Schedule D preparation may be purchased
separately. Please contact us for pricing and additional information.
Featured highlights of Track Your Trades are:
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Order your copy of Track Your Trades and enjoy its many benefits
Features
Track Your Trades
IRS Schedule D Software
Copyright © 2008-2010 by Track Your Trades. All rights reserved.
System requirements:
Windows 95, 98, NT, 2000, ME, XP, Vista, or 7; 12 MB available hard drive
space; 256 MB RAM; Adobe Reader.
Windows 95, 98, NT, 2000, ME, XP, Vista, or 7; 12 MB available hard drive
space; 256 MB RAM; Adobe Reader.
®
A wash sale occurs when you sell a security for a loss, and buy it within 30 days before or after the sale. The IRS will not allow the loss, but will allow you to add the loss to the cost basis of the replacement shares of that particular security (the shares that triggered the wash sale). Reporting of wash sales and adjusted cost is done on Schedule D. However, active traders may buy and sell a particular security many times within a 30-day period, incurring numerous disallowed wash sale losses and corresponding adjustments to subsequent cost basis. Hence, the "loss" and subsequent "gain" (achieved indirectly via added cost basis) cancel each other out, resulting in no net impact on your tax liability. In this scenario, if the investor/trader does not hold open shares of the security at year end, Track Your Trades recognizes there is no net tax impact, and accordingly suppresses wash sale reporting for the particular security. This technology produces a more efficient Schedule D, makes for easier reading, and simplifies analysis of your Schedule D for accounting purposes. |
| New! Immediate feedback of transaction details!! |
| New! Version 5.9 enhances Open Positions report, updates SEC Sales Fee, and continues value pricing. |
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