
Product Description
Track Your Trades® simplifies preparation of your tax return by generating a
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 if applicable) can be
viewed or printed at your convenience, or exported to TurboTax, TaxCut, 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. It does not rely on the sometimes slow or unavailable Internet, brokerage
service, etc. Instead of connecting to the Internet, your trades are rapidly entered
(manually or via import) and retrieved 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.
Track Your Trades will help you strategically plan your income tax return so you can
potentially lower or avoid capital gains taxes. If you wish to incorporate strategic
tax selling into 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, Track Your Trades enables you to clearly see whether the shares you own
are eligible for the preferential (lower) long-term capital gains tax, and if so, exactly
how many shares are long-term shares.
Consulting services such as data entry, user training, and Schedule D preparation
may be purchased separately. Please contact us for pricing and additional
information.
Featured highlights of Track Your Trades are:
 | | Produces an IRS Schedule D report, complete with wash sales
|  | | Capital gain/loss data (Schedule D) exports to TurboTax, TaxCut, & Excel
|  | | Includes a "What-if" wizard to reveal outcome of a hypothetical trade
|  | | Allows importing of stocks and mutual funds from your online broker
|  | | Allows filtering of reports by date, activity, and equity type
|  | | Organizes shares according to long-term & short-term capital gains
|  | | Supports both FIFO and Specific Shares methods for deciding cost basis
|  | | Allows security protection of data via optional password feature
|  | | Allows entry and tracking of stocks, options, and mutual funds
|  | | Allows entry of 'short sell' trades as well as conventional buy trades
|  | | Automatically calculates cost basis each time you 'sell' or 'buy to cover'
|  | | View trades by company, date, or date range
|  | | Unlimited trades! No restriction on the number of trades you may enter
|  | | FREE lifetime upgrades! Purchase only once, no hidden charges!
|  | | 30-Day Money Back Guarantee!
|  | | Calculates weighted share price for partial fills or multiple trades
|  | | Color coding shows profits in green and losses in red
|  | | Shows your open positions (stocks you currently own) & average price
|  | | Calculates portfolio value and trading performance (rate of return)
|  | | Allows adjustment for stock split
|  | | Data file easily exports to Excel, Lotus 1-2-3, or other spreadsheets | | | |
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Features
Track Your Trades
"For a hassle-free Schedule D"
Copyright © 2008 by Track Your Trades. All rights reserved.
System requirements:
Windows 98, NT, 2000, ME, XP, or Vista; 6 MB available hard drive space
on your C drive; 128 MB RAM.
®
Track Your Trades' Proprietary Wash Sale Technology
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.
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