How iScheduleD Portfolio Manager Works?
In general, a user starts with creating a new portfolio, which can manage stock and option trades from multiple brokers including well know ETrade, Fidelity, TD Ameritrade, Charles Schwab and etc. After the portfolio is populated with stock and option trades, the user can click on the Schedule D tab and choose a specific tax year. Clicking on the Next button will lead to the generation of TXF (Tax eXchange Format) files, which can be used to create Schedule D Form 1040. Example 1: Calculate Wash Sales on Option Trades Using iScheduleD Portfolio Manager There are four option trades on SLV in this simple example. The capital loss on 09/09/2009 is a wash sale because SLV was sold short on 10/15/2009.
