Recent content by Adrian Monk

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    Software to manage multiple accounts

    I think that TradeMax meets all your needs. The key features of TradeMax: Ć Track your trade Ć Record various corporate events such as stock split, merge, spinoff, reinvested capital Ć Auto-detect assigned, exercised and expired option, defer cost to corresponding shares Ć...
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    Any brokers who issue schedule D's

    Someone asked me why investor could not use broker's gain and loss report. Many brokers provide Gain and Loss report without considering the factor of WASH SALE RULES. Others claimed that their Gain and Loss report is compliant with WASH SALE RULES. Can you trust them? Never! "I only had 5...
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    $3,000 Capital Loss Deduction after MTM election

    Although an MTM trader reports gains and losses as ordinary income, you did not suffer the 2008 losses as an MTM trader. They remain as capital losses which can offset new capital gains but not more than $3000 of ordinary income per year.
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    Recording Your Trades

    I use Scottrade to trade daily and import the data directly form Scottrade into TradeMax for monitoring its performance. If any errors occurred, I will find them during the process of importing, since TradeMax will auto-scan..
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    Tax Questions about Futures

    Yes , it is section 1256, According to IRS Publication 550, a "Section 1256 Contract" is a regulated futures contract, foreign currency contract, or a non-equity option. All of these are marked to the market value at the end of the tax year. This is not the same as making the mark to market...
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