Neutral Trend TradeMax Basic Edition

This is a software for active security traders who may need to manage their portfolios. A handy tool with additional tax related features.

TradeMax is designed for securities traders to help manage their portfolios. The tool will also provide traders with ability to auto-generate a Schedule D or Mark to Market Form easily. Users can track portfolio performance on an on-going basis. It will adjust cost for stock positions with CALL/PUT options assigned or exercised. TradeMax is able to handle cost basis compliance with Wash Sale rules. Non-USD stock transactions and FOREX transactions are converted automatically into USD basis gain/loss, if desired. The import feature of the tool supports most broker and data files. You can use this to combine data from brokers and clients for calculating capital gains.

The software has the ability to automatically identify the new 21 character option symbols of the new standard. Strike price and expiration dates also can be identified. It will also help you with reporting; regulatory and otherwise. These include Schedule D-1(Form 1040), G/L Report, Trade Detail, Wash Sales Detail Report, Summary Report, Realized Gain/Loss Transaction Report, Unrealized Gain/Loss Transaction Report, Cost Basis Transaction Report, 1099 Reconciliation report, Mark to Market (Form 4797) report, etc. The interface should be easy to operate for brokers. This is not a software for amateurs. For richness of features alone, this piece of software deserves the top rating.

* Support individual account view and combined account view
Neutral Trend TradeMax® 2010 has a powerful importing module which supports most broker and data file. You also can setup different accounts to set the data file from different brokers and people to calculate your capital gains, combining different accounts into a new view is also supported.
* Auto-identify 21-character-new option symbol
Options symbols, which is also known as the "OCC (Option Clearing Corporation) series key", have increased in length from 5 characters to 21 characters as part of a new industry standard format used in back-end operations. TradeMax supports auto-identifying the Strike Price and Expiration Date of the new 21-character-option symbol.
* Support various reports
As your transactions are imported, profit and loss of each trade is automatically calculated for the entire year. Neutral Trend TradeMax®2010 provides user with a powerful filter function to filter your trade dada.
It also allows user to add more than 10 reports: Schedule D-1(Form 1040), G/L Report, Trade Detail, WashSales Detail Report, Summary Report, Realized Gain/Loss Transaction Report, Unrealized Gain/Loss Transaction Report, Cost Basis Transaction Report, 1099 Reconciliation report, Mark to Market(Form 4797) report.
* Handle most wash sales easily
Apart from capital gains calculation, TradeMax® 2010 calculates several 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. User also can monitor specific investment, calculate Wash Sales and defer loss between different accounts by combining different accounts. TradeMax® 2010 generates Wash Sale Reports according to the wash sale rules defined by users.
* Export Schedule D Report and other Reports to ease tax filling