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:
|Completes IRS Schedule D for current or prior tax years|
|Export Schedule D capital gain/loss to TurboTax, HRB, TaxAct, & Excel|
|Includes a "What-if" wizard to reveal outcome of a hypothetical trade|
|Import trades (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 FIFO, LIFO, & Specific Shares methods for deciding cost basis|
|Allows security protection of data via optional password feature|
|Easy to use trader tax software for the serious trader|
|Provides accurate, secure records for class action/other legal matters|
|Automatically calculates cost basis each time you 'sell' or 'buy to cover'|
|View trades by symbol, 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, subject to purchase terms|
|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 splits|
|Data file easily exports to Excel, Lotus 1-2-3, or other spreadsheets|
Track Your Trades
IRS Schedule D Software
Copyright © 2008-2018 by Track Your Trades. All rights reserved.
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.
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 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.
|New! Version 2017.1 updates SEC Sales Fee