Knowledgebase
Unmatched Sales & Ignore
Posted by Henry Gage on 03 December 2009 01:06 AM
Regarding: Unmatched Sales & Ignore

Sometimes brokers report short sales as sales and may exclude the correct time. This means TA does not have the guidance requires to match the trades in the order originally executed. There are tools provided as a work around. You can manually change the time one trade at a time or run Tools/Smart Time and adjust a range of trades. Remember to use File/Save As Backup before editing.

Refer to other help notes regarding the importance of confirming that TA has a Sales total that matches your 1099 as viewed in Screen: Transactions, Mode: All Symbols, View: Sales All. Basically the idea is to confirm that you can tie the TA sales totals to those in the various 1099 categories. If this is not easy to sort out by using the Transactions screen then use this tool: Tools/Reconcile Gain/Loss, Continue, 1. 1099 Sales tab.

In general all Sales to Close should be grouped. Not grouped trades appear in the transactions list but not in the Tax Reports. If a Sales to Close is not grouped this is caused by it appearing after the companion opening trade or the opening trade is missing. If the trades are out of order (typically on the same day), modify the trade and adjust the time so the opening is after the close. If the trade is missing then add the opening trade.

In general all Short Sale must appear before their companion Buy to Cover so TA can group them. It is possible that a short sale remain open into the next year. This means it will not appear in the current year tax report. This is explained in the following dialog: Tools/Reconcile Gain/Loss, Continue, 7. Gain/Loss Rpt tab. Not grouped or ignored Short Sales will not appear in the Tax Report.

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