I could not find a good help in Quicken that could help me. I'm facing the same issue in that I have employer granted stock options that I can see in my brokerage account. That might clear up the problem. However still seems to be some issues with 1 option which represents shares.. You can see that in the portfolio view. I buy the call back.. It seems to understand this when adding a new transaction or maybe when modifying an existing transaction - I don't remember at the moment which one works correctly.
How To Add an Employee Stock Option Grant to the Quicken Security List 31 people found this helpful Use this procedure to add an employee stock option grant to the Quicken Security List, for both nonqualified (NQSO) and qualified (incentive, or ISO) stock options.
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I set up the transaction as a sell of shares cause thats the way QM likes to see it. I know what I I got for each contract so the transaction is correct.. The cost basis info will not be reflected in the Portfolio view but as long as its accurate I am good to go. I buy the call back.. Then in order for it to show properly in the tax schedule I modify the sell transaction to short sell.
The most glaring IMHO is the inability to sell individual lots.. Mike Lane Points. MSecurities options do download to portfolio view but not as a transaction. When you add cost for 2 options on the portfolio side the transaction side shows Not a problem except now the portfolio is off by fold.
I have same issue with long options. TDAmeritrade also has variance. This was not a problem in Windows version. Jeff King Points. This is a must have feature for stock grants and options. No warning when migrating from quicken for PC. Quicken team, please provide an estimate on when it'll be supported.
Rich Cook Points. Don't hold your breath. I don't think they read this stuff. Just a place to funnel off discontent.
Mark Liberty 70 Points. This only works on the PC version. I'll give it a shot. Mark Liberty - thanks for researching. However employee stock grants are different. The problem is with open market puts and calls.
They are added to portfolio in QMac at one valuation and when you add a transaction to balance you cannot sync the number of shares and price per. So how do I get them into Q along with her NQ's? Paul Fenton, May 18, I re-read your reply and understand what you're saying. That's the answer I was looking for.
Thank you, Tivo'ed, that's the answer I was looking for. Ask a Question Want to reply to this thread or ask your own question? You'll need to choose a username for the site, which only take a couple of moments here.
After that, you can post your question and our members will help you out. Q and Restricted Stock Grants. It seems that I have problem doing that and I need help. Now my questions are: Are there any software that is commonly used by traders to keep track of their trades for ease of entering them into tax form? I just started to enter my trades into quicken. My broker is IB and I have no problem downloading them into quicken but I can not match the trades. An example will show my problem better.
I could not find a good help in Quicken that could help me. Any help would greatly be appreciated. This year I too have purchased Turbo Tax to do my taxes. It has turned into a huge frustration and I want to warn others before they go down the same path.
While using TurboTax to enter my tax data, I got to the part where I'm supposed to enter my stock transactions. Since I'm an active trader, I have hundreds of transactions. While in the software, TurboTax recommended that I upgrade to the Premiere edition to make entering these transactions easier. Turned out this didn't help. If anything the Premiere edition data entry screen was more time consuming and difficult to enter to. The software recommended I purchase Quicken--this way I could download my transactions from my broker to Quicken to TurboTax.
I was able to download my stock transactions from Interactive Brokers to Quicken rather easily. However as the previous poster noted, the transactions in Quicken do not match up. Nor do they add up to the correct total for the year. There seem to be random phantom entries that need to be removed. To solve this problem, I downloaded all the Quicken transactions into Excel I'm nothing if not persistent and after about a day's work I found all the errors and manually corrected them in Quicken.
I thought that now I'm finally able to download my Quicken transactions into TurboTax. The TurboTax software says I don't have Quicken installed. I try everything I can think of.
Add the capability in Quicken for Mac to enter stock options and restricted stock grants just like Quicken for Windows has. Regarding response 4 - adding a contract entry option quicken not very important, so that can be ignored. TMF: entering restricted stock options / Mastering Quicken. Roger Foreman Points. If you trade options, do stock use Quicken for year-end profit loss reporting to IRS. Quicken does not handle stock options per IRS requirements. In the Enter Transaction list, select Grant Employee Stock Option. Click Launch Wizard. Follow the on-screen instructions. Notes: Each time you exercise an employee stock option, Quicken adds three transactions to your investment transaction list: an Exercise, Buy, and Sell. These are used to help track the number of vested shares you have.