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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Lonnie who wrote (4871)4/1/2007 2:23:32 PM
From: alanrs  Read Replies (1) of 5205
 
I use Quicken and it is pretty much useless for options and it also has no clue as to the wash sale rules. For my own records I sell the option and then buy it back for $0.00, whether it is exercise or not, assuming I am still holding it at expiration. I then sell the stock (or buy it in the case of puts) at the strike price.

For the IRS I use Gainskeeper, which costs me around $75 per year. There is another online accounting service I've run into that was recommended as being better/cheaper than Gainskeeper, but I don't recall the name.

ARS
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