Re: What Some CPA’s Don’t Want You to Know
Joey,What a great article! I didn't know that you write, as well as, provide wonderful customer service for Tradelog!All the best,Shalimar VB
View ArticleRe: New Forms for Reporting 2011 Taxes
Useful quick review of the new tax form 8949 for the 2011 tax year and beyond. I do wonder why the IRS did not just try to expand Schedule D or add an appendix to it, instead of creating a new form....
View ArticleRe: New Forms for Reporting 2011 Taxes
Will look forward to the new form before ending 2011 year.Thank you
View ArticleRe: New Forms for Reporting 2011 Taxes
As of 3/8/2012 Tradelog still cannot properly support the 8949 forms for 2011, and of course cannot provide the capability to reconcile a trader's 1099-B reports.
View ArticleRe: New Forms for Reporting 2011 Taxes
Actually we do generate Form 8949 in TradeLog 9 however we have marked as Draft until we are ready to release for filing. Currently around 36% of traders still do not have 1099-B and the CPA industry...
View ArticleRe: New Forms for Reporting 2011 Taxes
Just to be clear, are you saying that TradeLog 9 *will* generate Form 8949 automatically (and can handle an unlimited number of trades)? Your website seems to indicate that's the case, but it's a...
View ArticleRe: New Forms for Reporting 2011 Taxes
Yes, TradeLog version 9 currently generates this form. However we have admonished users not to file their taxes yet as trader taxes are a BIG problem this year. Broker 1099-B reports that have been...
View ArticleRe: New Forms for Reporting 2011 Taxes
While Tradelog will generate an 8949 form, per their own words it cannot be used to file your taxes. So saying they produce the form but it can't be used is a real spin on words. Neither does it allow...
View ArticleRe: New Forms for Reporting 2011 Taxes
Fred, you can use the information to file if you want, at your own risk. Also we will be happy to refund your purchase price if you do not want to use TradeLog. Any users who do not want to wait for an...
View ArticleRe: New Forms for Reporting 2011 Taxes
Thank you Fredcrowley and tradelog for the clarifications.
View ArticleRe: New Forms for Reporting 2011 Taxes
Everyone. TradeLog 9.1 has been released today for all registered users. It includes the comprehensive 1099-B reconciliation and Form 8949 adjustment functions for 1040 Schedule D filing. Make sure and...
View ArticleRe: New Forms for Reporting 2011 Taxes
After re-reading existing (maybe "old") instruction, an MTM tax filers need not have to mess with Form 8949. Is this true? Please comment.
View ArticleRe: Tax Time 2012
I used software of making report.I choose organized and presentable report result using software.It also make more fast and accurate.
View ArticleRe: Looking Ahead: Filing 2012 Taxes for Traders and Investors
Thank you! My anxiety level is a bit lower....
View ArticleRe: IRA Wash Sales Can Have Severe Consequences
How long has this rule been in effect? If I was unaware of the rule when I filed my 2011 taxes, assuming it was in effect at that time, do I need to file an amended return for 2011?
View ArticleRe: New Forms for Reporting 2011 Taxes
when line 43 of 1040 is zero whats the need for form 8949.
View ArticleRe: Enhanced Section 1256 Contract Support in TradeLog
Is the Russell 2000 eligible for 1256 tax treatment?
View ArticleRe: TradeLog Tip: Filing Taxes With Popular Tax Software
Thank you much for this suggestion. Even overriding the forms in TurboTax would not let me get the adjusting entries in properly because one field would not allow a negative number. Just finished...
View ArticleRe: IRA Wash Sales Can Have Severe Consequences
To prevent any confusion, suggest you address losses that occur in the IRA, which are not subject to the Wash Sale Rule.
View ArticleRe: IRA Wash Sales Can Have Severe Consequences
Under the subheading "Questions about IRA wash sales answered." we state that IRA trades can trigger a wash sale in a taxable account, but not the other way around. As your comment states, losses in an...
View ArticleRe: IRA Wash Sales Can Have Severe Consequences
Or just file as a business trader MTM and not be subject to any wash sales.(not that I ever seen OR HEARD OF anyone actually claiming any IRA wash sales anyway)
View ArticleRe: TradeLog Tip: Filing Taxes With Popular Tax Software
This process worked great. I couldn't add the TradeLog adjustment into the turbotax 8949 properly. Using override to make the 8949 work out correctly prevented e-filing. Putting in the basic numbers...
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