Short sale and option adjustment to stock basis

Tom Houts
Tom Houts Member ✭✭
edited April 2022 in Investing (Windows)
When you experience a short sale or option expiration the underlying equity's basis is reduced by amount of gain. your broker adjusts the basis of your equity to reflect the tax code. Quicken does not. It needs to add a function to allow equity basis adjustment and not reflect the gain/loss on these two kinds of sale in income when appropriate.


  • Sherlock
    Sherlock Member ✭✭✭✭
    I suggest you enter an appropriate transaction to close the open.  For a short sale, enter a Cover Short Sale.  If there is to be no gain or loss reported, set the total cost appropriately.  If you need to reduce cost basis by the amount of gain, consider using a Return of Capital.
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