Product Description
Track Your Trades® simplifies preparation of your tax return by generating an IRS
Schedule D (Capital Gains and Losses) tax report. Added bonus: you can also use it
to produce a completed Schedule D for PRIOR tax years. 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 Form 8949 can be viewed or printed at your
convenience, or exported to TurboTax, H&R Block, TaxAct, 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 or LIFO method for
finding cost basis, be advised that cost basis reporting on Schedule D may 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 reveals a trade outcome beforehand. A "Show open positions"
report enables you to see the long-term and short-term status of shares you own.
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. Added bonus: you can also use it
to produce a completed Schedule D for PRIOR tax years. 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 Form 8949 can be viewed or printed at your
convenience, or exported to TurboTax, H&R Block, TaxAct, 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 or LIFO method for
finding cost basis, be advised that cost basis reporting on Schedule D may 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 reveals a trade outcome beforehand. A "Show open positions"
report enables you to see the long-term and short-term status of shares you own.
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:
|
Order your copy of Track Your Trades and enjoy its many benefits
Features
Track Your Trades
IRS Schedule D Software
Copyright © 2008-2021 by Track Your Trades. All rights reserved.
System requirements:
Windows 95, 98, NT, 2000, ME, XP, Vista, 7, 8, 8.1, or 10; 20 MB available
hard drive space; 256 MB RAM; PDF Reader.
Windows 95, 98, NT, 2000, ME, XP, Vista, 7, 8, 8.1, or 10; 20 MB available
hard drive space; 256 MB RAM; PDF 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 Form 8949. 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, there is no net tax impact. Nonetheless, new IRS cost basis rules require wash sales to be reported whenever they occur. Accordingly, Track Your Trades detects and reports all wash sales in all scenarios, including the example above, and applies cost basis adjustments automatically. |
| Track Your Trades® -- Capital Gains software for serious traders! |
| New! Version 2020 for tax year 2020 |
 |
 |
 |
 |
 |
 |
