Will quicken ever be able to track cost basis for stock options correctly?

daytrader · September 2019

Options that are exercised do not reflect the proper cost basis for the transaction, resulting in a schedule D that is incorrect. The whole way quicken handles stock options is inadequate. It is misleading to state that you have an investment feature when your documentation states that the schedule D generated can't be relied on.

How can I see the lots associated with a particular option exercise? How do I show the correct gain/loss if an option is exercised and a wash sale occurs? How do I track wash sales?

K.O. (Win-Premier) · September 2019

You are correct. Quicken does not track the costs basis for assigned/exercised options correctly and the schedule D is not accurate. And Quicken does not handle wash sales either. Personally I rely on my broker's tax statements for wash sales.

Not that this helps you, but I did want to provide confirmation of what you are experiencing.

K.O. (Win-Premier) · September 2019

You are correct. Quicken does not track the costs basis for assigned/exercised options correctly and the schedule D is not accurate. And Quicken does not handle wash sales either. Personally I rely on my broker's tax statements for wash sales.

Not that this helps you, but I did want to provide confirmation of what you are experiencing.

Will quicken ever be able to track cost basis for stock options correctly?

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