PROBLEM: Most active traders and investors cannot rely on broker-provided 1099-B alone for tax reporting. IRS rules require taxpayers to make additional wash sale adjustments on Form 8949 that are not required by brokers on the 1099-B. This can make trader tax reporting complicated.
Your 1099-B may not report all required wash sale adjustments if you...
SOLUTION: TradeLog Software generates IRS-ready Form 8949 tax reporting, including all wash sale adjustments required by the IRS for taxpayers.
Take control of harmful wash sale situations: Many traders become aware of wash sale adjustments only after-the-fact. TradeLog Software empowers you with reporting and knowledge to help avoid wash sales that hurt your bottom line.
Beneficial tax treatment for Section 1256 Contracts: Options for popular ETFs—like VXX, USO, SLV—may qualify as Section 1256 contracts, with tax benefits. TradeLog allows you to properly identify and report Section 1256 contracts to the IRS.
Section 475(f) Trader Status and Mark-to-Market (MTM) Accounting: Many professional traders reap greater tax benefits from electing Trader Status with the IRS. TradeLog Software provides the tools and reporting you need for the Mark-to-Market accounting method.
There's More: TradeLog is used for more than just tax reporting. Click here to see more features and benefits of TradeLog for active traders.
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