Error computing stock options

Comments
-
To start let me say that QM does a very poor job dealing with investments and options trading in particular. When I download either a put or call option the first thing I do is check for the placeholder at the beginning of the register. The placeholder is normally A lightl gray entry. Edit the entry with the correct date share a balance etc. This should eliminate the placeholder . The transaction in the register will still be incorrect so you will have to edit the transaction again. If we are dealing with one contract put in 100 shares . The option info will not show up correctly in the portfolio View, but the trade should be accurate on the tax schedule on the short term schedule D . From my perspective this is the best that we can expect until the folks at Quicken decide to upgrade the investment module in the program.0
-
seem to be a lot of complaints for mac Quicken for Mac 2017 options handling...0
-
The option trade will not be accurate if it is a covered call or results in a stock assignment. Quicken does not handle wash sales or report stock options per IRS requirements. So be careful of using it for schedule D tax return preparation. It is only accurate if there are no wash sales and no options activity.Concordman said:To start let me say that QM does a very poor job dealing with investments and options trading in particular. When I download either a put or call option the first thing I do is check for the placeholder at the beginning of the register. The placeholder is normally A lightl gray entry. Edit the entry with the correct date share a balance etc. This should eliminate the placeholder . The transaction in the register will still be incorrect so you will have to edit the transaction again. If we are dealing with one contract put in 100 shares . The option info will not show up correctly in the portfolio View, but the trade should be accurate on the tax schedule on the short term schedule D . From my perspective this is the best that we can expect until the folks at Quicken decide to upgrade the investment module in the program.
0
Categories
- All Categories
- 2 Product Ideas
- 27 Announcements
- 190 Alerts, Online Banking & Known Product Issues
- 18 Product Alerts
- 732 Welcome to the Community!
- 605 Before you Buy
- 1.1K Product Ideas
- 50K Quicken Classic for Windows
- 15.5K Quicken Classic for Mac
- 987 Quicken Mobile
- 775 Quicken on the Web
- 75 Quicken LifeHub