Employee Stock Option Exercise - Commissions

lpreinhold

When I use the wizard for entering stock option exercises and same day sale, it adds the commission to the "purchase" transaction instead of the "sale" transaction. This makes no sense as the commission is associated with the sale not the purchase and you end up with the same net gain at the end of the day but when the transactions download from the brokerage they don't match as the brokerage appropriately deducts the commission from the sales proceeds. Is there any way to fix this?

Tom Young

How odd.  But no, short of some programming on the part of Quicken to fix it I think you have to live with it.  The "Bought" action in Quicken created by the "wizard" adds the commission - rightly associated with the sale - to the cost of exercise and that transaction can't be edited.  Don't know why the programmers did it that way. 

Tom Young

How odd.  But no, short of some programming on the part of Quicken to fix it I think you have to live with it.  The "Bought" action in Quicken created by the "wizard" adds the commission - rightly associated with the sale - to the cost of exercise and that transaction can't be edited.  Don't know why the programmers did it that way.