Negative value for broker transactions - unable to create negative value

rexarus

I trade options, and sometimes when an option expires in the money and gets exercised, the resulting transaction is a sell of the open option position at a sale price of zero, but with a commission. It appears that Quicken for Mac 2020 is unable to handle this type of transaction because it cannot create a negative value for a sale, even though that is exactly what is happening in such a transaction. For example, a call option is sold for free (zero value at expiration). The broker charges a commission of $5.80. The desired entry is a sale of the option from the portfolio with a negative net value of $5.80. That means the transaction results in a -$5.80 debit from the ledger, even though it is a sale transaction. The debit in effect is the commission, and in order for the accounting to be done correctly, that commission should be tied to the sale transaction. I've entered these transactions for many years in Quicken for Windows. Now with the MAC version, it appears I'm restricted to positive values for a sale. Any thoughts before I roll back to the Windows version? Seems the MAC version is not as capable.

Quicken_Tyka

Hello @rexarus

Thank you for taking the time to visit the Community to post your issue, although I apologize that you haven't received a response.

At this time, entering a negative amount as a sale type transaction is not supported in the Mac version.

I have gone ahead and changed this to an Idea thread so that others may vote on adding this ability to the Mac version.

To vote on the Idea, please navigate to the top of this post and click the up arrow to add your vote!


Thank you,

-Quicken Tyka

Quicken Anja

Hello All,

This idea seems to have fallen stagnant and due to the age of the request and lack of user votes/comments, will be archived within the next 7 business days.

If you would like to see this idea kept alive and considered for possible future implementation in Quicken, be sure to add your vote and a comment explaining how this idea would be beneficial for you.

More information, including steps to vote and how to submit your own ideas for future product features/improvements, is also available here.

Thank you,

Quicken Community Support Team

smayer97

seems like an oversight and important capability, and a request for Windows parity...without it would at a minimum lead to errors in conversion from QWin, let alone not allowing dealing with the above use case.