Trade Date

System
Member admin
This discussion was created from comments split from: How does Quicken use the Trade Date and Settle Date for a stock transaction?.
0
Comments
-
I sold a stock on 12/28/18. Quicken downloaded the transaction date as 1/2/2019, thus showing my the gain as occurring in 2019.
IRS states i need to use the Trade Date. My 2018 1099 statement used the trade date (as expected).
To make Quicken show the gain/loss in the correct year I modified the Transaction date to be the same as the Trade Date.
I think Quicken needs a better way to handle this situation. Perhaps there should be a Trade Date and a Settlement Date, and both should be downloaded from the Brokerage.
Anyone else have any suggestions on how to deal with this situation?
Further Info: https://www.irs.gov/publications/p5500 -
It is not a matter of what Quicken downloads; it is what the financial institution sends. My FIs send trade date transactions. So if I buy on the 4th and settle on the 6th, per Quicken my account cash balance is in the red for a couple of days. No big deal.0
This discussion has been closed.
Categories
- All Categories
- 22 Product Ideas
- 28 Announcements
- 201 Alerts, Online Banking & Known Product Issues
- 19 Product Alerts
- 743 Welcome to the Community!
- 617 Before you Buy
- 1.2K Product Ideas
- 50.6K Quicken Classic for Windows
- 15.6K Quicken Classic for Mac
- 992 Quicken Mobile
- 784 Quicken on the Web
- 76 Quicken LifeHub