I sold a put option on a stock. Prior to expiration, the put option was exercised and I was assigned shares of the underlying stock. How do I get the put option premium to apply to the cost basis of the stock shares. Quicken recorded the put option as a sale and short cover with a corresponding gain on the put transaction equal to the put premium, and the underlying shares as a separate purchase for the exercise price. I want to show the stock cost basis net of the option premium.
Put premium = $1,398.66
Stock assignment at stike price = $24,000 ($120 per share) - put was closed at $-0-
Quicken recorded the stock with a cost basis of $24,000 and a gain on the put as $1,398.66
I want to reflect the stock cost basis as $24,000 - $1,398.66 = $22,601.34 ($113.0067 per share). This is the way my broker account reflects the stock basis.
How can I correct this in Quicken?
