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TradeLog Blog

Introducing Trader Tax Solutions, our new TradeLog Certified Service Provider!


We are working to expand our Service Provider network to offer our customers more options when they need assistance with reconciling their trades. Trader Tax Solutions is a team of expert TradeLog users who can help you with reconciliation of your trade history and tax form preparation to meet specific IRS filing deadlines, or monthly/quarterly maintenance of your TradeLog TaxFiles and wash sale tracking as you near the end of each tax year.

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Tags: trade accounting, trade reconciliation, Trader Taxes, active trader, TradeLog, TradeLog News, IRS tax forms, tax software, 2016 taxes, Form 8949, Form 6781, Form 4797, Mark-to-Market, MTM, Wash Sales, TaxFile, Service Provider, Section 1256, Section 475f, trader status

Webinar: How to Reconcile 1099-B with TradeLog Software


Reconciling the Form 1099-B data provided by your broker with TradeLog software can be challenging due to different IRS reporting rules for the broker and the individual taxpayer. Watch as we guide you step-by-step through the process.

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Tags: TradeLog, TradeLog Tips, Trader Taxes, active trader, IRS tax forms, 1099-B, Form 8949, MTM, Mark-to-Market, Section 1256, Futures, Gross Proceeds, cost basis

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

ETF Options and the TradeLog Benefit


Exchange traded funds (ETFs) are becoming more and more popular. Did you know that ETF options can have special tax handling? Some of these options qualify as section 1256 contracts. Under Section 1256 the gains and losses are treated as 60% long-term and 40% short-term capital gains/losses, regardless of the holding period. What qualifies an ETF option as Section 1256 depends on it's structure and whether the option is listed or over-the-counter.

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Tags: Trader Taxes, Options, Section 1256

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