Creating an MTM Account in TradeLog

Only applies to TradeLog Trader and TradeLog Elite, which include MTM functions.

Individuals must qualify for trader status by IRS rules and then elect mark-to-market accounting method based on federal procedures. We strongly recommend consulting with a CPA and/or trader tax expert in electing MTM. To learn more see our Educational Tax Topics for more information.

To setup an MTM account in a data file:

Create a New Data File, or Add a New Account to an existing data file. The Account Setup dialog will appear - see step 1 of our User Guide.
For Broker Name, select the appropriate broker from the drop down.
Give a unique descriptive Account Name for the account.

DO NOT put the tax year in the Account Name field.
Enter your Account Number for this account if you'll be using BrokerConnect import method.
For Account Type select MTM (Taxable)

If you used MTM accounting for the previous tax year, but did not use TradeLog, then check the box next to Did you use MTM last year?

If you elected MTM for Futures, then check the box next to MTM Elected for Futures?
Click OK to setup the account.