Change Existing Account to MTM Accounting

If you are switching from cash basis to MTM accounting for an account you are currently tracking in TradeLog:

NOTE: 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.

Open the TradeLog file containing your accounts.
Right-click on the Account Tab for the brokerage account you need to change. Select the Edit option.
In the Account Setup dialog, select the MTM (Taxable) option to change the Account Type, then click OK.
A warning message will appear to confirm you are switching the accounting type for the account. Click Yes to continue.
TradeLog will prompt user to enter the fair market value of each position held open at year end. Year-end prices can often be found on the broker's statement for December of the tax year.
TradeLog will generate the needed adjustments to change your accounting method to MTM.

When prompted, click Yes to save records.