IRS Schedule D and the Active Trader

The IRS Schedule D is the 1040 tax form where active traders and investors of stocks, options, and single-stock futures file their capital gains and losses for tax purposes.

Those who have elected the mark to market accounting method will record their trade activity on IRS Form 4797 - Sales of Business Property.  However, many of the complexities of filing a schedule d, also apply to Form 4797.

The Schedule D is by far the most complex of all the IRS tax forms!

Imagine hand entering 1,000 or more trade transactions! Or worse yet, 5,000 transactions. Who has time for this? Certainly not your accountant, especially at anywhere from $50 to $250 per hour. And certainly not you, when you could be spending your time on your trading business rather than on tax issues.

Schedule D Headaches?

The TradeLog process is so simple you can have a complete Schedule D in 15 minutes or less!

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Can there be an easier way to get this necessary work done?  You bet there is: TradeLog tax lot accounting software from Armen Computing Ltd.

TradeLog is the premier Schedule D / Wash Sale Generator software program for active traders and investors. TradeLog allows you to easily import the trade history from over 30 online brokers. The software then accurately matches your trades based on IRS rules and generates the reporting you need for Schedule D - with correct wash sale adjustments, all in a matter of minutes!

Does your broker provide you with a Schedule D? Most brokers DO NOT provide a Schedule D form to clients, and they are not required to by the IRS. The fact is: your broker cannot provide an accurate Schedule D report and it is your responsibility. If you wonder why, then read about broker provided G/L reports to understand the problems they face.

TradeLog is the top choice of leading tax experts for completing your Schedule D!

Leading tax experts understand how difficult Schedule D can be - that is why they trust TradeLog...

“TradeLog is the only trade accounting program on the market that our CPAs are comfortable using at tax time; when we sign your income tax returns.” - Robert Green, CPA and CEO of Green Trader Tax

Learn more about TradeLog by downloading the free trial! Then read on in this Tax Topic to see the many problems associated with filling out this complex form, and how TradeLog greatly simplifies this process. Continue to the next page and examine the basic Schedule D layout.