Ending the Tax Year

• Automatically creates a new data file for the next tax year with the same name as the current tax year data file. For example, "2024 John Doe.tdf" would generate a file for the following year named "2025 John Doe.tdf".
   
• Moves forward all year end open positions from the current year data file into the new tax year data file.
   
• Moves forward all January and later trades imported for the following tax year from the current year data file into the new tax year data file.
   
• Generates wash sales and moves forward any wash sales that are deferred into the new tax years data file.

Running the End Tax Year Function

Before running End Tax Year in any given file, we highly recommend making a backup. Click here for instructions.

•  From the File menu, click the End Tax Year button.
   
  
   
• TradeLog will prompt you to confirm that you have imported your January trades for all accounts. Make sure that you have imported a full 13 months worth of data prior to running this function (January 1 through January 31 of the next tax year).
   
  Click Yes if you have already done so or No if this needs to be done.
   
  
   
•  TradeLog will alert you that the year end processing is complete. Click OK.
   
  

Your next Tax Year data file. This file has been automatically created with the new year, and same taxpayer name. This new file will be located in the same folder as your current file - which is by default the Documents/tradelog folder of your hard drive.