Adjusting Cost Base from PUT Options

Under Canadian Tax Law, when I sell a PUT option and get assigned the shares I can adjust the cost base of the shares by the amount of the premium I received for selling the option. This is a non-cash transaction and is just an adjustment to the ACB for the shares. How do I do this in Quicken 2014? I assume new versions have corrected this deficiency.

Best Answer


  • Whirly
    Whirly Member ✭✭
    Thank you, Tom. I would have thought that the need for a work-around would have been fixed by now. In Canada we also need to adjust the cost when we trade the same stock twice within 30 days and one trade is a capital loss. I prefer your 2nd option because the option trade will not show as a profit then.
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