COMPARE FEATURES

We encourage you to download and try our products for yourself.  Our vision is to have TradeKeeper on every investment trader’s desktop. Compare TradeKeeper to the other leading products,  you will find that it is a complete and a comprehensive solution at the best value you can find.

FEATURES

TRADEKEEPER

COMMENTS

Reliable

Yes

TradeKeeper is successfully used by thousands of traders for tax filing, including professional tax accounts/CPAs to prepare Schedule D for their clients.

Merge and match trades across multiple accounts and/or brokers.

Yes

TK can merge and match trades across multiple brokers. TK matches trades according to IRS rules.

Tax lot matching.

Yes

Normally TK matches trade lots by FIFO method as required by IRS. It can also handle specific tax lot matching.

Schedule D / Capital Gains

Yes(5)

TradeKeeper Schedule D can be printed for filing or exported to TXF  format for electronic filing with tax applications like TurboTax, TaxCut, or TaxWise.

Import trade history from any brokerage.

Yes (6)

Most products can only download a limited amount of historical trades because they access the broker’s online systems via OFX technology. Brokers periodically purge the online data. TradeKeeper supports importing trades from your broker’s HTML, QIF, CSV,  TXT, etc download or web statements via DataClipper Filters (without modification with just a few simple mouse clicks). It even supports Futures. [Learn More]

Import spreadsheet (CSV) files

Yes

TradeKeeper integration with spreadsheets is superior and flexible. You can copy and paste multiple trades between TK data entry dialogs and a spreadsheet or notepad. This gives you a lot of flexibility to do fast data entry, make calculations using spreadsheet features, or to reformat unsupported brokers data into a spreadsheet and easily bring that into TK. TK comes with predefined Spreadsheet .CSV file that be imported into TK. Layout supports both stocks and options trades.

Supports short and long trades

Yes

Some can't auto detect short-sales and expect your broker to tag short sales.  TradeKeeper automatically detects short sales for you. 

Adjust for stock splits

Yes

Some products expect you to manually edit each trade to adjust the shares and cost basis yourself.  With TK you can simply enter the split info and it will adjust the cost basis where applicable for all your trades during trade processing.

Adjust for option splits and symbol changes

Yes

Many don't support option splits and symbol changes or expect you to manually adjust your trades.  TK automatically accounts for these changes based on your input.

Stock option trades

Yes

Some claim to support option trades and treat them as stock trades; which means they can't handle exercises and assignments, or expirations appropriately.

Support option expirations

Yes

Most expect your broker to pass a closing trade for expirations. TK auto detects expirations, so even your manually entered option will be automatically expire.

Wash Sales

Yes (1)

TK handles all of the significant and important wash sales rules including unequal lots and options. Some products do wash sales, while others do not. TradeKeeper gives you a choice to turn this feature on or off.  [see wash sales disclosure]

Support for Futures trades

Yes (2)

This is a rare feature. Many products don't support futures.

No strings. No obligations.

Yes

TradeKeeper and DataClipper are freeware products. They do not require a subscription and or license renewal. They can handle an unlimited number of transactions. You are free to install them on as many machines are you like.

Capability to create custom reports

Yes (3)

Most are not compatible with 3rd party products for custom reports, such as MS Access.

Comparable products cost from $500 to over $1000 depending on the number of transactions and features.  Dig into the details and you will find TradeKeeper and DataClipper meet or exceed the key functionality of the high-end commercial grade products.  It is by far the best value you will find!

The "truth in advertising" notes follow:

(1) Every effort is made to implement the wash sale scenarios required by IRS. However, TK is not 100% wash sale complaint because of the nature of the complexity involved in wash sales due to variations in interpretations by CPA professionals (as is true for other commercial products on the market or even your tax preparer).
(2) DataClipper ships with Futures filter for IB universal account statements only. A custom filter can be developed to meet your specific broker/format for a small fee.  Or you may enter Futures trades using data entry dialogs.
(3) TK stores your data in the industry standard MS Access MDB file format. Custom reports can be created using any tool that supports Microsoft’s Access files. MS Access is not required to use TradeKeeper itself.
(4) Import implemented to support stock/fund trades. This format does not a have standard definition for options/futures transactions.  If your QIF file contains options or futures, they will be treated as stock trades.
(5) Export Schedule D to TXF file. It can be imported into TurboTax, TaxCut, TaxWise or any other application that supports the TXF format.
(6) DataClipper does not ship with filters for the brokerages. The filter specific to your brokerage can be ordered online. This way you only pay for what you need. [Learn More].

Disclaimer THE PRODUCT IS PROVIDED AS IS WITHOUT WARRANTY OF ANY KIND, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW. THE AUTHOR FURTHER DISCLAIMS ALL WARRANTIES, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT. THE ENTIRE RISK ARISING OUT OF THE USE OR PERFORMANCE OF THE PRODUCT AND DOCUMENTATION REMAINS WITH RECIPIENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW. IN NO EVENT SHALL THE AUTHOR BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, DIRECT, INDIRECT, SPECIAL, PUNITIVE, OR OTHER DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR OTHER PECUNIARY LOSS) ARISING OUT OF THIS AGREEMENT OR THE USE OF OR INABILITY TO USE THE PRODUCT.