To get started using TradeMax with minimal amount of time, please follow these steps :
- 1. Setup a New Account
You can add an account to TradeMax to import your trade data. There are five different preset account types in the Account List. You can choose one of them when you are setting up your new account and you can also change it by editing your account function. More >>>
- 2. Import Your Trade
A. If you are using TradeMax for the first time and have hold open position from previous tax year, you can import holding position into TradeMax seperately OR just manually enter previous year holding position into TradeMax.
B. If your trade data are complete which already include all the open postition or have no open position, just import it directly.TradeMax supports any broker if it can supply files containing your trades with three options to import your data into TradeMax :
a. You can import CSV file, Text file (tab delimited) or QIF file, QFX files, TDF file into TradeMax.
b. From TradeMax Supported Broker List, you can see that the trade data of common brokers can be imported into TradeMax directly Via OFX Server.
c. The users also can choose to import data copied from broker Transaction History Reprot by copy and paste. More >>>
- 3. Confirm Your Data
After each importing, you need to make sure everything is matched properly and the unmatched trades will be displayed in Red or Green, TradeMax provides three steps to complete confirmation task:
a. Use Scan Function to check the unmatched trades.
b. Compare your holding positions in TradeMax with your broker's December statement.
- 4. Adjust Your Trades for Tax Purpose
a. After all data is confirmed, the next step is to make some adjustment for the tax purpose. If there is no such trade, this step can be skipped. TradeMax can match trades by adjusting corperate events such as Stock Split/Reverse split , Stock Merge , Stock Spin off ,etc, or the consequence of trades by moving up or down the trades.
b. After confirming that all trades of the current tax year are imported and matched correctly, you are ready to execute the function “ End of Tax Year” on your account for the next tax year. It shows the year end open position and wash sale defer loss, also can auto- generate hold position carried from this year for next tax year and defer cost to these positions.
- 5. Run Reports
Many investors trade security in other currencies such as EUR, CAD, AUD, JPY, HKD, GBP, CHF, TradeMax now supports running report in your base currency and in USD currency for tax purpose. More >>>
- 6. Print Schedule D-1 Report for efiling or Export to Other Tax Software
You can either print the appropriate TradeMax Schedule D-1 report attaching it to your tax return and file by mail, or you may export your TradeMax Schedule D-1 report to popular tax software programs with the TXF Export function. More >>>
The following Tutorials help the beginners know better about TradeMax's various modules and operate TradeMax more freely.
We suggest that you begin with Quick Start to take a quick view of TradeMax's powerful function.
- Quick Start
- Overview - The key features of TradeMax
- User Interface - The overview of three views of TradeMax
- Detailed Instruction -
How to operate TradeMax under different modules.
- Setup a New Account - This tutorial show you how to setup a new account, combine different accounts into one, edit and delete the existed account.
- Enter Previous Year Holding Position - Show you how to display Holding Position, and
view End of tax year for the next tax year
- Import Trade History - This tutorial will tell you how to import the trade data into TradeMax and append a trade.
- Adjust trades
- Adjust Option - Show you how to Expire, Assign, Exercise your options.
- Add View - The tutorial tell you how to add a preset view, custom and delete the view.
- Backup and Restore - This tutorial show you how to backup and restore the trade data.
- Run Reports - Show you how to run reports.
TradeMax is a full featured tax software specifically designed for active investors or traders to manage their trade data to maximize their gain/loss strategy, prepare their Schedule D. It can import trade data from most format data files, monitor realized/unrealized gains & losses for current positions, adjust wash sales events, report capital gains/losses in printed Schedule D format or export to popular tax software such as TaxCut and TurboTax. The following user guide tell you how to use TradeMax:
Top Problems of Neutral Trend TradeMax®
Product Updates & Support
Trade Data Import and Export
TradeMax Support Center
For credit card/download/registration and related problems:
If you have any problems using our software:
- Make sure you are using the most recent version of the software.
- Read the Help manual - Click the “Help / Contents“
- Read our FAQ (Frequently Asked Questions).
If you still can’t solve the problem, you may contact our technical support group. In order to ensure a timely response, we ask that you include the following information in your support request:
Problem: Include a detailed description of the problem and the error message you received.
LOG File: Launch the software and press the F9 function key on the keyboard. A temporary copy of the log file will appear in NotePad. Simply send the log file as email attachment to us.