When I short a stock and then cover with a short-term transaction, the Capital Gains report shows a long-term gain/loss. It seems to get confused because the sell date is prior to the buy date. I use the Short Sale and Cover Short Sale transaction categories. This has been the case as long as I can remember. I am currently using Q06 Prem.
I am I doing something wrong? If not, is there a workaround?
The capital gains report is wrong ?
Well how about this, does Q track the intermediate value of a short position within the portfolio value ?
Yes, the Capital Gains report is wrong with regard to the Short-term vs. Long-term classification. However, the maginitude of the gain/loss is correct.
Yes, Q tracks the intermediate value correctly.
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