Option Wash sales handling Software---Neutral Trend TradeMax®

Key Features of Neutral Trend TradeMax®:

Handle option wash sales

• Cross Account Wash Sales Adjustments
  Neutral Trend TradeMax® allows setup different account to track your trade, and it also allows you to use combine different accounts function to calculate and defer wash sales and loss between different accounts
  
  
• Calculate Most Wash Sales
  Calculate and report each and every wash sale that occurs throughout the tax year required by the IRS.
  According to the IRS, if you close a trade at a loss, and then buy back the same, or "substantially" the same equity such as an option on that equity, you cannot take the loss at that time. The loss now has to move forward, and be attached to the cost basis of the trade in which you bought back the same equity
  
  Calculate short sale positions as well as long positions
  The wash sale rule also applies to short selling. Neutral Trend TradeMax® tracks wash adjustments separately for bearish and bullish positions. It is easy to handle frequent position reversals like shift the bearish to bullish.
  
  Handles wash sales between stocks and options
  According IRS, if you take a loss on a stock or an option, and then buy back that same stock, or an option on that same stock, whether the option is the same month and strike price or not, you have a wash sale situation. Since a lot of tax software forgets the option wash sales, Neutral Trend TradeMax® takes the job as its goal. For the IRS’s confusion, we take the following rules；If the underlying stock is the same, then the option is "substantially" the same.
  
  
• Calculate Wash Sales on an unequal number of securities
  Most wash sale / schedule d calculators start to fall apart when you buy back an unequal number of shares. Neutral Trend TradeMax® handles this in seconds and it does not matter how many shares you buy back and in how many different buys you do so
  
  
• Calculates Wash Sales on Same Day Rule
  The IRS has created confusion with a statement about how the wash sale rule applies to same-day transactions.
  To avoid the wash sales in one day, Neutral Trend TradeMax® allows you to combine your trades with same buying slots (TradeDate, Action and Symbol are same).
  
  
• Defer Wash Sales to Next Year
  You can use the End Of Tax Year function to defer the wash sales to next tax year
  
  
• Changes holding period when it comes to a long term wash sales loss
  When there are wash sales, your holding period for the replacement stock will have to include the holding period of the stock you sold. The IRS designed this rule to prevent you from converting a long-term loss into a short-term loss. The trade date of the stock you sold would be carried over to the replacement shares.
  
  

Manage trade data easily

• Track your trades
  You can use the End Of Tax Year function to defer the wash sales to next tax year
  
  
• Analyze your trading performance
  You can analyze your trading performance easily with the help of Trade Detail, WashSales Detail Report, Summary Report, Transaction Report and reconcile your data with the 1099 reference report. Neutral Trend TradeMax® also allows you to export these reports to PDF, EXCEL, WORD or TEXT files.
  
  

Prepare schedule D

• Powerful importing module
  Neutral Trend TradeMax® includes lots of preset profile to support most brokers. Users can import data file with the following type extension: *.csv, *.txt, *.xls, *.qif, *ofx, *.qfx, *tlf., *tdf . TradeMax also provides a flexible format reorganization algorithm which allows users to customize their own format.
  
  
• Multiple transaction lot matching methods
  Neutral Trend TradeMax® uses strict "First In, First Out" (FIFO) trade matching as a default method.
  TradeMax® also allows you to "Force-Match" specific trade transactions into particular tax lot.
  
  
• Simplify tax preparation
  Neutral Trend TradeMax® can assign short trades and convert short / long position, and calculates Wash Sales automatically. You can generate Capital gains/losses report for Schedule D purpose or export *.txf file to popular tax software such as TaxCut, TurboTax.

Why choose this Neutral Trend TradeMax®

• Designed for active traders to handle option wash sales
  It design for active trader but also benefit for normal investors. Support unlimited numbers trades for active traders. The automatically handle option wash sales function also breeze the normal investor.
  Neutral Trend TradeMax® has a powerful importing module support most brokers and data files.
  You can also setup different accounts to set the data file from different brokers and people.
  Combine different accounts to a new one to calculate wash sales is also available in Neutral Trend TradeMax®.
  
• Calculate capital gains and losses automatically
  As your trades are imported, profit and loss is automatically calculated for each trade and for the entire year.
  Neutral Trend TradeMax® provides you a powerful filter function to filter your trade dada. It also allows you to add up to 7 reports Schedule D-1, GL Report, Trade Detail, WashSales Detail Report, Summary Report, Transaction Report, 1099 Reference report.
  Just run the report to view the capital gain of your specific type of investment.
  You can also view capital gains among a specific time range with the reports function
• Handle most wash sales easily
  Apart from capital gains calculating, Neutral Trend TradeMax® calculates various of Wash Sale scenarios, include but are not limited to, Wash Sale between identical securities (stocks and options), Wash Sales on an unequal number of securities and Wash Sale on Same Day Rule.
  You also can use combine different accounts function to monitor specific investments and calculate Wash Sales and Defer loss between different accounts.
• Produce Schedule D-1 and other Reports easy your tax filling
  Neutral Trend TradeMax® allows you to add up to 7 reports like Schedule D-1, GL Report, Trade Detail, WashSales Detail Report, Summary Report, Transaction Report, 1099 Reference report. You can generate Capital gains/losses report for Schedule D purpose or export *.txf file to popular tax software such as TaxCut, TurboTax.