How to enter CoverShort on an Assigned CALL

ftcnative Member ✭✭
edited October 2023 in Investing (Windows)

How do I enter the CvrShrt transaction such that the Assigned CALL gains are associated with the underlying base stock sale transaction (for long term vs. short term capital gains tax tracking)?

The base stock is 5+ years long term when call was written, and according to many sources (incl Fidelity here: ) the written call proceeds should be long term.


  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭

    Here's one way of doing that:

    Cover the short using the same price as the fee you received. That reduces the cash in the Account and results in a gain/loss of $0. Then use this cash plus whatever you actually received with the assignment as the "proceeds" of the sale.

    Quicken doesn't handle these situations programmatically.

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