TRADERS
SOFTWARE: TRADELOG^® FOR GREENTRADERTAX

Take the quick tour of the program and download a free trial copy. Browse the list of supported brokers to see how it works with your broker.

On our TradeLog accounting and cost-basis reporting pages, we explain why our CPAs consider TradeLog the best solution for securities trade accounting.

Other accounting solutions are often a problem for taxpayer compliance
We frequently find errors in other programs and solutions on wash sales, tax treatment and more. Many of these programs or solutions are geared toward the needs of brokerage firms, and IRS rules for broker-issued securities 1099-Bs are materially different from what taxpayers need to report on their Form 8949/Schedule D. Brokers are permitted to report potential wash sales based on "identical positions," whereas taxpayers must report actual wash sales based on "substantially identical positions" (between stocks and stock options based on the same symbol). Many tax preparers get lazy and import broker-issued securities 1099-Bs into their tax preparation software which is a huge mistake, because it will either overstate or understate trading gains and losses.

Other programs and solutions don’t provide all the required tax information in the first place. Business traders with Section 475 MTM (ordinary gain or loss treatment) won't get what they need from an "everyman-prepared" 1099. Or the 1099-B will contain errors on tax treatment of securities and Section 1256 contracts. We need to fix these errors with other solutions, whereas TradeLog gets it right the first time. Corrections take time, which winds up costing you money. The only way we can be sure your trade accounting is correct is with TradeLog.

If you trade as an individual, you should also run TradeLog on your IRA accounts, as your IRA accounts can trigger non-deductible wash sale losses in your individual taxable accounts. To avoid this, don't trade the same symbols in your IRA or use Section 475 on your taxable business trading account. Another way to avoid these IRA-related wash sales is to trade in an entity, as the entity and your individual IRA are not connected for purposes of wash sales.

While TradeLog doesn’t automatically handle corporate actions such as reinvested dividends and stock splits, they do ask you to manually account for them. Most brokers account for them in their cost-basis reporting on Form 1099-Bs. If you have corporate actions — which might be the case with longer-term investments rather than with active trading — it’s important to adjust TradeLog accordingly. Otherwise, you could have unreconciled items for these situations between your Form 8949 and Form 1099-Bs, and in this case, the Form 1099-B will be correct.

TradeLog^® is easy to use and also comes with free product support from Armen Computing, Ltd. If you prefer more help, GreenTraderTax can set up your program and also handle your annual trader tax accounting. It all ties in nicely with GreenTraderTax's tax compliance services. Simply upload to our secure ShareFile your TradeLog^® data file at year-end.

TradeLog pays GreenTraderTax a commission on sales and upgrades generated through our above site link. It's the same price you pay elsewhere, so we appreciate you buying the license through our site. Thank you.

Media Recommendations: TradeLog was recommended almost every year for the past decade by Barron's, Forbes and other publications. Our clients really appreciate using TradeLog; read many great testimonials on the TradeLog site. One testimonial is included below.

If you have any questions about TradeLog, please contact TradeLog, or us at info@greencompany.com.

You will thank us for saving you plenty of time, headaches and taxes.

Sincerely,
Robert A. Green, CPA and Managing Member of Green NFH, LLC
Darren L. Neuschwander, CPA and Managing Member of Green NFH, LLC

Testimonial
From: Mxxxx@aol.com [mailto:Mxxx@aol.com]
Sent: Thursday, August 16, 2012 12:00 PM
To: info@greencompany.com
Subject: TradeLog

I am a stock and options trader and have been for a number of years. I also have used your TradeLog software for most of that time. I have to tell you that without TradeLog, I would not have been able to file my 2011 tax returns.

I received a 1099-B from Tradestation on March 13, 2012. I had already downloaded and run my TradeLog reports. I am a MTM trader in securities who should not have been affected by the new Form 8949. Yet there were more than $2 million in errors on my Tradestation 1099 report. I have called them every month since then and each month they tell me that I am one of the clients to receive a corrected 1099-B that will be coming "soon." Yet, here it is, Aug. 16, 2012 and still no corrected 1099-B. I seriously question whether the 2012 1099-B will be accurate.

I used my TradeLog numbers to file my 2011 tax return and explained the situation to the IRS in notes. Without TradeLog I would have been lost.

Thank you for TradeLog. And, by the way, there should be a huge penalty for Tradestation for not providing me an accurate 1099B, don't you think?