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TradeLog Blog

What Every Trader Needs to Know About Taxes


There are many misconceptions that exist about tax reporting for traders and investors. Here are the top two myths, and the facts you need to know…

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

Enhanced Section 1256 Contract Support in TradeLog


Do you trade futures or index options? If so, then you need to know about newly enhanced support for these instruments in TradeLog software. With the release of TradeLog version 9.3 traders and investors can not only identify section 1256 contracts but also generate accurate tax reporting at year-end.

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Tags: Section 1256, Trader Taxes

Looking Ahead: Filing 2012 Taxes for Traders and Investors


As a new year approaches you may be wondering what’s in store for 2012 tax filing. Here is some early information to help you plan and prepare.

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Tags: Trader Taxes

Importing Trade History from Online Brokers is the Key to Accurate Tax Reporting


An article in last week’s Investopedia.com explained some of the broad differences in brokerage houses. One aspect many investors and traders give no thought to when choosing a broker is the necessary tax reporting. The 2011 tax year revealed disturbing problems as some brokers simply could not provide accurate 1099-B reports for many clients!

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Tags: Trader Taxes

IRA Wash Sales Can Have Severe Consequences


Yes! You read that correctly: Wash sales in an IRA can have severe consequences! This often-overlooked part of the IRS wash sale rules must not be ignored by active traders and investors.

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Tags: Trader Taxes, Wash Sales

It's the Season: for Watching Wash Sales


Wash sales can happen all year long, but wash sales that occur in December and January are the ones to watch. Why? Because wash sales that happen in December and January can potentially increase your taxable capital gains for the year! In this post we’ll review what a wash sale is and their potential negative effect. Plus, we'll illustrate how to use TradeLog to monitor wash sale effects on your trades.

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Tags: Trader Taxes, Wash Sales

TradeLog Software Support Changes: Questions and Answers


In July we announced changes to our technical support service for TradeLog. Here are some questions and detailed answers regarding these changes that you may be interested in.

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Tags: TradeLog Tips

TradeLog Trick: Updating TradeLog


Updating your TradeLog software is very important. Here are some reasons why, as well as tricks for keeping your software up-to-date easily:

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Tags: TradeLog Tips

TradeLog Tip: Follow Year End Instructions Carefully


When TradeLog users fail to follow year end instructions carefully, the result is often problems of some sort. From importing the needed data, to reconciling and ending the tax year - doing these steps correctly can make a difference in the accuracy of reports and more! Here are a few tips when it comes to using TradeLog at the end of the year…

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Tags: TradeLog Tips

IRS News: Tax Time Tips


The IRS has published some top tax tips to make tax time easier on you. Even though your return is not due until April, you can get an early start now! Here are some of the Internal Revenue Service’s top tips that may be helpful for you:

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Tags: Trader Taxes