IMPORTANT: Please import a full 13 months worth of data. January 1 through January 31 of the next tax year if you are filing a cash basis account. January of next tax year trades are required for properly calculating wash sales.
Importing beyond January 31: Users can import beyond January 31 of the following tax year. This allows continued use of TradeLog until completion of the End Tax Year process. For example, in a 2020 tax year file you can continue importing after January 31 of 2021. Once you are able to complete the End Tax Year process, all 2021 trades, as well as positions carried forward from 2020, will be moved over to the new 2021 tax year file created.
Specific instructions for methods of importing that are unique to your broker are located in our Broker Import Support Matrix.
For many brokers we recommend using BrokerConnect, if available. This is the easiest method of importing. The following are basic steps for importing with BrokerConnect, the data required for connecting may vary depending on your broker:
Select the appropriate broker Account Tab. All trade editing must be done in the individual account tabs.
- Select the Account menu, then click the BrokerConnect button.
Type your User Name and Password that you use to log into your brokerage account online. Then enter the unique Account Number that you wish to import from.
Select a date range by clicking one of the radio buttons as seen below. There will be different selections per broker. Note, TradeLog will automatically select the From and To date based on your range selection, you can change the From and To date manually as well.Note: For some brokers there will be a 90 day limit per import. If necessary, repeat steps A through D until all data has been imported.
Click OK to initiate the import
Trades are matched by ticker description and matched for buys, sells, partial fills and short positions – even if your broker doesn't flag short sales on your reports. Our software uses "open a trade, close a trade" terminology rather than "buy" and "sell", which eliminates confusion as to whether your positions are long or short. (See: How TradeLog Works for details.)
Please proceed to Verify Open Positions.