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Posted by az-willie on November 6, 2006, 10:29 am
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zzz wrote:
> I sold some options as part of a split (i.e. 40)
> Later I closed some of the positions (I.e. 10)
> The remaining 30 expired.
> I entered the original 40 as a short sell.
> Then I entered the closing positions as a CvrShrt
>
> In trying the handle the expiring positions, I did an adjust share balance
> to zero. This generated a placeholder transaction because it wanted a value.
> Quicken does not understand a zero value. Also, the report balances are off.
> It does not report the loss so all my reports are screwed up.
>
> Anyone solved this problem with expiring options and getting entries in so
> that the balances and the reports are correct?
> I am very frustrated.
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Quicken is absolutely TERRIBLE for handling investments. Try Tradelog or
Gainskeeper.
I import to Quicken also but don't rely on it at all. It is full of
placeholders for all kinds of transactions it doesn't understand. I gave
up trying to make all the placeholders go away .. it would be a full
time job. I only bother to import to Quicken because it is easy to do
and gives one more possible backup to find transactions in case
everything else went to hell.
It can't even handle a short sale properly most of the time .. god help
you if you have a butterfly or strangle or anything more than a straight
buy / sell.
I wear suspenders and a belt :) I use both Tradelog and Gainskeeper and
they both make Quicken's investment section look like it was written by
a first year programmer ... hmmm more truth than poetry there.
Save yourself a whole lot of trouble and get one or both of the above
programs. Gainskeeper has some nice features to warn you of potential
wash sales and shows you potential double down situations but I wind up
using Tradelog to figure the taxes and for routinely searching for stock
transactions.
Both of them are worth the money.
Quicken? Blah.
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