adjust cost basis for underlying when covering call options

Bur Davis
Bur Davis Member ✭✭✭
edited May 3 in Investments


existing position in stock XYZ, basis $10 per share
sell to open a covered call option on stock XYZ for $2
buy to close the covered call at $1
Quicken Premier Windows should adjust the cost basis of stock XYZ to $11 per share

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in the scenario above, Quicken Premier Windows does not adjust the cost basis of stock XYZ
instead, I am forced to keep track of cost basis manually

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