As a very active day trader that does shorts and covered buys; I find it nearly IMPOSSIBLE to resolve all the placeholders at the end of the day. So I do use quicken to track the dividend and expense transactions. So I will just let transactions download and not reconcile the brokerage and 401 accounts. Note shorts and covered buys do not clear and are just recorded as buys and sales. The brokerage numbers and quicken number require hours of work to balance the numbers. For taxes I always use the brokerage report and give my other documents to my accountant. So I will skip reconciling and just let data download.
