Neutral Trend Inc. today announces TradeMax 2.0, a full featured tax software specifically designed for active investors or traders
Online PR News – 04-August-2009 – – Neutral Trend Inc. today announces TradeMax 2.0, a full featured tax software specifically designed for active investors or traders who have multiple accounts to manage their trade data, maximize their gain/loss strategy, prepare their Schedule D.
TradeMax debuts innovative new tools that enable active investors or traders to effortlessly manage all their trades across various accounts.With customizable Vista? style “Views”. TradeMax delivers important investment account information right to the desktop, without the need to access Internet. Users can manage their trade data, maximize their gain/loss strategy, prepare their Schedule D. It can import trade data from all kinds of formats files, monitor realized/unrealized gains & losses for current positions, adjust wash sales events, report capital gains/losses in printed Schedule D format or export to popular tax software such as TaxCut" TurboTax?.
"The idea of this software came from a few active traders in our company. Traders are very busy in these days, and sometimes it is too time consuming to figure out Wash Sale trade between different accounts. A investor with more than 100 trades per year might ends up spend at least 20 hours to count their trades. Investors don't like this hassle and they want to focus on the market" Neutral Trend said,"Fortunately, given our team's rich experience (averagely 15+ years experience in the software industry), we are able to help our customer with delivery of this state-of-the-art trade software. TradeMax takes out the dirty work, so users can spend more time on their money-making investment activities."
The new features of TradeMax include the following:
1. Track your trades: You can setup different investment type accounts among whole family and manage trade data over years. TradeMax tracks and categorizes trade data automatically. You can view all investment accounts in one place.
2. Data security: TradeMax's data files are stored on computer in encrypted form. It can't be viewed with third party text editor.
3. Powerful importing module: TradeMax has pre-defined profiles support most brokers. TradeMax also provides a flexible format reorganization algorithm which allows you to customize your own format.You can import data file with the following type extension: *.csv, *.txt, *.xls, *.qif, *ofx, *.qfx, *tlf., *tdf .
4. Multiple transaction lot matching methods: TradeMax uses strict "First In, First Out" (FIFO) trade matching as a default method. TradeMax also allows you to "Force-Match" specific trade transactions into particular tax lot.
5. Handle Wash Sales: TradeMax calculates various Wash Sale scenarios, include but are not limited to, Wash Sale between identical securities (stocks and options), Wash Sales on an unequal number of securities and Wash Sales on Same Day Rule.You also can use combine different accounts function to monitor specific investments and calculate Wash Sales and Defer loss between different accounts.
6. Simplify tax preparation: TradeMax can assign short trades and convert short / long position, and calculates Wash Sales automatically. You can generate Capital gains/losses report for Schedule D purpose or export *.txf file to popular tax software such as TaxCut, TurboTax.
7. Analyze your trading performance: You can analyze your trading performance easily with the help of Trade Detail, WashSales Detail Report,Summary Report, Transaction Report and reconcile your data with the 1099 refference report. TradeMax also allows you to export these reports to PDF, EXCEL, WORD or TEXT files.
8. Easy-to-use interface: The user interface is simple to learn yet incredibly powerful and efficient to use. Work via keystroke or mouse, or a combination - whatever way suits you. Features become available as you need them, and don't clutter up the interface.
"We are adding new feature on daily basis, we suggest our users to visit our website frequently for updates." Neutral Trend said.
All TradeMax products are available today
Company web-site: http://www.itrademax.com
Direct download link: http://www.itrademax.com/download.html