This is a software for active security traders who may need to manage their portfolios. A handy tool with additional tax related features.

TradeMax is designed for securities traders to help manage their portfolios. The tool will also provide traders with ability to auto-generate a Schedule D or Mark to Market Form easily. Users can track portfolio performance on an on-going basis. It will adjust cost for stock positions with CALL/PUT options assigned or exercised. TradeMax is able to handle cost basis compliance with Wash Sale rules. Non-USD stock transactions and FOREX transactions are converted automatically into USD basis gain/loss, if desired. The import feature of the tool supports most broker and data files. You can use this to combine data from brokers and clients for calculating capital gains.

The software has the ability to automatically identify the new 21 character option symbols of the new standard. Strike price and expiration dates also can be identified. It will also help you with reporting; regulatory and otherwise. These include Schedule D-1(Form 1040), G/L Report, Trade Detail, Wash Sales Detail Report, Summary Report, Realized Gain/Loss Transaction Report, Unrealized Gain/Loss Transaction Report, Cost Basis Transaction Report, 1099 Reconciliation report, Mark to Market (Form 4797) report, etc. The interface should be easy to operate for brokers. This is not a software for amateurs. For richness of features alone, this piece of software deserves the top rating.