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TradeLog Blog

Use TradeLog All Year Long, Not Just at Tax Time


Using TradeLog only once a year, at or near the tax filing deadline is not the most efficient use of our software. We strongly recommend that you use TradeLog at least weekly or monthly throughout the year.

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Tags: Active Trading, Trader Taxes, TradeLog Tips, 1099-B

How Keeping a Log of Your Trades Makes You a Better Trader


Keeping a journal or trade log is as big a hassle as doing taxes. But it is one of the most important and productive disciplines a trader can adhere to. It not only helps you accurately report taxes but also improves your trading.

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Tags: Active Trading, TradeLog Tips

How the IRS Wreaks Havoc on Active Traders With Obscure Tax Rules


When it comes to taxes, the IRS serves as judge, jury and executioner. Ignorance is an unacceptable excuse. Trader tax rules are notoriously confusing for do-it-yourselfers and pros alike, causing people to overpay or get penalized for misreporting gains and losses.

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Tags: 1099-B, Trader Taxes, Options

Active Traders: Five Tax Tips To Avoid Headaches With Form 1099-B


Doing taxes is a royal pain in the butt for anyone let alone active traders. The headaches arise from Form 1099-B, which brokerages use to report your trades to both you and the Internal Revenue Service.

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Tags: Active Trading, 1099-B, Trader Taxes

TradeLog Tax Software Security Update - Encrypted Tax Files


Armen Computing Ltd. has released a major security update to it's TradeLog Trade and tax Accounting software program. Version 14.5 now utilizes encrypted data files for storing users brokerage account trade history and tax information.

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Tags: TradeLog News

1099-B Reconciliation Woes


Very few of the 2014 1099-Bs will reconcile with TradeLog due to the different ways brokers are interpreting what should be reported, and what should not be reported. There is simply no standardization from one broker to the next.

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Tags: Trader Taxes, 1099-B, Wash Sales, TradeLog Tips

Reporting Cash Settled Exercise for Section 1256 Contracts


Learn how to report the cash settled exercise of a Section 1256 contract for IRS tax reporting.

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Tags: TradeLog Tips, Corporate Actions, Section 1256, Options, Trader Taxes

Adjusting for Google Stock Dividend (aka "Split")


The April 2014 Google stock dividend affects many TradeLog users, and is not the easiest corporate action adjustment. Our support team has provided some specific instructions and guidance to assist TradeLog users with the necessary adjustments to their trade history.

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Tags: Trader Taxes, Corporate Actions

'Tis the Season to Pay Your Taxes From Trading


The 2014 tax season is rapidly coming to an end, and many stock and option traders are scrambling to complete an accurate IRS Form 8949 for reporting their capital gains and losses on Schedule D. Misinformation abounds when it comes to trader taxes. What do you need to know?

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Tags: Trader Taxes, Form 8949, 1099-B

One IRS Instruction Has Massive Implications for Traders


One sentence changes everything. You may think completing Form 8949 for Schedule D is pretty straight forward, but the majority of active traders are affected by one instruction which has some massive implications. We'll reveal this instruction and explain three situations in which it affects most traders. And we'll tell you about the implications you need to be aware of.

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Tags: Trader Taxes, Wash Sales, Form 8949, 1099-B