Track Your Trades Releases Version 5.3 of its Popular Tax Software

Online, November 27, 2009 (Newswire.com) - Track Your Trades Co. unveils version 5.3 of its leading Schedule D software, Track Your Trades (TYT). TYT allows investors and traders to automatically generate Schedule D (Capital Gains and Losses) for their tax return. Investors and traders need never again be burdened with manually completing the complex Schedule D tax form.

In addition, the product contains numerous reports, utilities, and tools for accurately managing your stock, option, and mutual fund trades.

Version 5.3 includes improved functionality for importing trades from your brokerage; early adoption of the Options Symbology Initiative; and support for importing trades from TD Ameritrade, Scottrade, E*Trade, Fidelity, Schwab, Interactive Brokers, Wells Fargo, OptionsHouse, and many other firms.

Wash sale reporting is automatically included in the Schedule D report. However, you have the opportunity to turn it off if you choose to not display wash sales.

Likewise, option trades are included, but you can suppress them via a filter. Schedule D and Schedule D-1, if applicable, can be viewed or printed at your convenience, or exported to tax software products such as TurboTax, TaxCut, etc.

TYT helps users strategically plan their income tax return so they can potentially lower or avoid capital gains taxes. For incorporating strategic tax selling into your tax planning, TYT offers ordinary investors and traders the What-if Wizard, a practical tool for finding tax-loss candidates in your portfolio.

Also, TYT enables you to see whether the shares you own are eligible for the preferential ( lower ) long-term capital gains tax, and if so, exactly how many shares are long-term shares.