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Tax Preparation Software for Active Traders
Are you an active trader? Do you do hundreds or thousands of trades per year?
Need to get your trades to match?
Need to deal with "wash sales?"
Need to file a Schedule D with Short-Term Capital Gains & Losses?
Have you elected, or consider Mark-to-Market trader status?
If you answered yes to any of the above, you may want to consider getting a program to help.Here are some programs I've discovered:
GTT Tradelog(tm) -- this program lets you import a years worth of trading. Matches all your trades. Calculates a profit and loss for each trade. Matches odd lots and short sales. Imports from 25 different brokers. This program also lets you analayze your trading performance to find out:
- Winning trade percentage.
- Largest winning trade.
- Largest losing trade
- Average profit or loss per trade.
NOTE: Graphic reports are also available.
(more to come)
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