SOFTWARE: TradeLog<sup>®</sup> for GreenTraderTax

TradeLog^® completely automates your stock, options and futures trades, and tax accounting. Save days of work and professional fees by using the program to import all your trades (prior and current years). The program generates IRS-compliant Schedule D (cash method with wash sale reporting) and Form 4797 (mark-to-market method with Section 481 reporting) which you can attach to your tax return.

Click here to visit the TradeLog^® for GreenTraderTax landing page and full TradeLog^® Web site. Take the "Quick Tour" of the program and download a free trial copy. You will see how easy it is to use. You can then buy the full version of the program from TradeLog^® and download it immediately.

Make sure to buy the program through our site link above, so it comes with support from GreenTraderTax.
We are a leading recommender - receiving a commission from the maker - of TradeLog^® software program/subscriptions.
If you would like our GreenTraderTax accountants to have the opportunity to review and/or make adjustments to your TradeLog^® data files, we require that you purchase TradeLog^® through our link above.

Strong recommendation from Robert A. Green and all our CPAs:

Bottom line, it’s very possible that your trade accounting will be wrong unless you use TradeLog^®.

The program is very reasonable and it works with almost all the leading brokers and downloads are possible in other ways too. Get the program to avoid problems with the IRS. Don’t blow your trade accounting and overpay your taxes! Or underpay and get big penalties and interest.

Note about GTT TradeLog^® product name change:

Armen Computing Ltd., the owner of TradeLog^® recently changed the name of GTT TradeLog^® to TradeLog MTM^®; the version with mark-to-market accounting (MTM). We at GTT brought MTM tax treatment to TradeLog^® about eight years ago and we have continued to provide tax-knowledge and support to the product development over the years; and we will continue to do so. The new name is less confusing about who the owner is; it's Armen Computing Ltd., and not GTT. In no way does this name change from GTT TradeLog^® to TradeLog MTM^® in anyway reduce GTT's strong enthusiasm and continuing support for TradeLog^®. Thousands of our clients use TradeLog MTM^® (and other versions) and our CPAs really appreciate having this program used for tax preparation work.

Please continue to upgrade your TradeLog MTM^® (or other TradeLog^®) subscription through our Web site so it also comes with our support during the tax preparation process, or with our other services. Click here..

TradeLog^® and GreenTraderTax:
Accounting for your trades can be a real headache and many traders are lost when it comes to accurately determining their trading gains and losses either subject to wash sale reporting or mark-to-market accounting. Online and direct-access brokerage firm reports (for capital gains and losses) are not reliable enough to include with trader tax returns; as there are often missing items and no consolidation for wash sale purposes, etc. Hyper-active traders should use good off-the-shelf software for trade accounting. But even that is still not good enough.

We highly-recommend that our professionals review and reconcile your trade accounting program results.

Have our CPAs review your TradeLog^® data files, trader tax status issues and much more too. Remember, 1099-Bs for securities trader’s only report proceeds on sales of securities; and not net capital gains and losses, options or wash sales. It’s your responsibility to get it all right and without TradeLog^® it’s going to be a crapshoot.

We will tackle many nuances in trader tax treatment, complex tax treatment for your trades, override program treatment when appropriate, and tie it all into an excellent trader tax return. Make any misstep along the way and the consequences can be huge! Click here to learn more about our trade accounting services.

Tax tools are important, but the final results in a tax return are what matter most. Let our professionals guide you through the entire critical process; going from brokerage firm results, to trade accounting program tools, to final tax return results.

TradeLog^® is easy to use and it also comes with free product support from Armen Computing, Ltd. and a toll free number.
If you prefer more help, GreenTraderTax can set-up the program for you and also do your annual trader tax accounting. It all ties in nicely with GreenTraderTax's tax preparation services. Simply email us your TradeLog^® data file at year-end and tax preparation is a snap.

Note that the leading trade accounting programs differ on some key elements of tax treatment and there is some leeway and nuance here. Let GreenTraderTax navigate the tax laws to find the best reliable results for you. If you get audited by the IRS, software companies and brokerage firms don't handle your defense, but we do!

This year, more than ever, is a good time to switch to TradeLog^®.
The IRS is forcing taxpayers to list each securities trade on their tax returns. Learn more about this in Robert Green's April 2006 article for Active Trader and/or on our blog.

TradeLog^® has a number of advantages over competing products:

Both traders and investors need TradeLog^® to report wash sales, and few other programs or solutions can be counted on for handling wash sales as correctly as TradeLog^®.

Specifically TradeLog^® handles wash sales between short loss trades and long trades and between stock and options trades. Other programs have trouble here.

GreenTrader's accounting formulas and worksheets are good as a last resort, but they do not provide for wash sales. The one leading competing program to TradeLog^® has some known problems with wash sales. Don't overpay your taxes from making errors on wash-sales reporting.

The typical trader has many wash sales; these are losses which must be deferred until the next tax year. Wash sales are a difficult chore with only a few trades; with the thousands of trades an active trader makes, it can be next to impossible.

TradeLog^® can make the entire process much easier by automating wash-sale reporting and helping active traders create tax reports.

Most online brokers are supported by TradeLog^®, and data can be downloaded directly into the program. This removes the need for traders to enter data by hand; this would be too time-consuming to do by hand, and too expensive to pay an accountant to do. Plus, manual entries can lead to errors.

TradeLog^® takes the data and matches buys and sells, calculating profit/loss. The program uses the IRS's "first in, first out" rule to match trades, but that can be switched if necessary. TradeLog^® handles all wash-sale identification and adjustments.
After all the data is entered, TradeLog^® prints out a report that can be attached to Schedule D, a PDF file that can be e-mailed to an accountant, and/or a spreadsheet with all the pertinent information. The TradeLog^® reports are compliant with IRS rules for trade-by-trade attachments.
Even if you don't qualify as a business trader under IRS law, you can still benefit from TradeLog^®. Any investor who has more than a few buys and cells will benefit from the automation TradeLog^® provides.
Besides making your tax preparation easier, TradeLog^® can also help your trading by providing you with information about past trading history and current positions.
There are different versions and price points for TradeLog^® designed for traders of different activity level. TradeLog^® is the unlimited, top-of-the-line version for business traders that use mark-to-market accounting.

TradeLog^® and GreenTraderTax in the news:
Click the below media logos to read all our excellent reviews. Most leading brokerage firms also highly recommend TradeLog^® and they work closely with us to smooth the download process.

Barron's has positively reviewed and recommended GreenTrader's tax guides, TradeLog^® software and tax services for frequent traders every year since 1999.

February 12, 2007, Barron's, Electronic Investor, Tax Software for Serious Investors, By Theresa W. Carey.

"FREQUENT TRADERS WHO DO THEIR OWN taxes are either control freaks (my category) or very comfortable with the ins and outs of tax accounting. Crazy is another possibility. In any case, do-it-yourselfers of all types need tax software -- either packaged or online.

Any tax program should be able to deal with income and deductions, but the serious investor needs to compile an accurate Schedule D, covering all transactions. There's no shortage of software alternatives. Sorting through them -- particularly the jumble you see in stores -- is the problem.........................

........One solution for traders with reams of taxable transactions is TradeLog (http://www.armencomp.com/tradelog/)), published by Armen Computing. We like TradeLog for active stock and options traders. It does a much better job of tracking options transactions than Quicken or Money, and it's a good tool for short-sellers. TradeLog can also help you track futures transactions, which aren't specifically addressed in other programs.

TradeLog offers five versions, keyed to transaction volume. TradeLog 200, which covers up to 200 trades, is $69. The top-of-the-line GTT TradeLog, which handles unlimited transactions and is aimed at those needing mark-to-market accounting, is $349. GTT TradeLog is also supported by Green Trader Tax (www.greentradertax.com), which provides tax advice for frequent traders."

Bottom Line.
For more than eight years, GreenTraderTax (GTT) put our name on GTT TradeLog^® (now TradeLog MTM^®) because we work hard to make it the best tax product on the market. We strongly believe that it's the best solution in the marketplace for hyperactive traders. Top brokers recommend their hyperactive traders use TradeLog^®; the media thinks its best and thousands of happy customers do, too. Most importantly for GreenTraderTax, when we prepare trader tax returns, we are most confident in the trade accounting when it's done by TradeLog^®.