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Transfering Stock Options Between Investment Accts

I'm using Quicken 2005 under Windows XP and have all updates installed.

I have some company stock options that were "held" at one investment firm. My company changed to another investment firm last November and the options were shifted to the new brokerage. I've setup an account in Quicken for the new brokerage and would like to transfer my options in Quicken from the old account to the new one. However, as far as I can tell Quicken will not allow me to transfer stock options. Am I missing something? Is there a way to transfer employee stock options between accounts?

If I really can't transfer them, I suppose I will just leave the old account open when I eventually exercise the options, I'll pretend the proceeds came from the old brokerage. I don't think this workaround will cause any problems with things like net worth, tax reporting, etc. Any thoughts here? Am I overlooking some problems that this workaround might create?

I'd prefer replies back to the group, but if email is necessary, remove "dontspamme" and change ".com" to ".net" in my email address.

Thanks in advance for any assistance; to avoid busying-up the board, I'll skip the "thank you" messages later.

Regards, Charles

Reply to
Charles Goodman
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When I set up my options, I just set them up in an account called XXX options, where XXX was the name of the company that granted the options. I don't recall the exact steps of the setup, but seem to recall that Quicken didn't seem like it really wanted me to add them to a brokerage account. This was in Q2005H&B Premier.

Dwight

Reply to
Dwight Payne

Thanks, Dwight.

Does having two accounts (one for the options and I assume one for the brokerage) cause you any problems with things like online transaction download or even manual reconciliation of your statement? As I was trying to figure out how to transfer the options, I read a bit in the help file that suggested I should have never kept them in a brokerage account. I'm thinking I could rename the old account (the one containing the options) to "XXX Options" and then keep the brokerage account I just created for my non-option investment activity. My only hesitation is that I receive a consolidated statement (options, regular stocks, cash, etc.) and I'm wondering if having two accounts will make reconciliation difficult or if it will preclude my future use of transaction downloads.

Thanks aga>> I'm using Quicken 2005 under Windows XP and have all updates installed. >>

Reply to
Charles Goodman

You bring to light issues here that you did not mention in your question on the Intuit Forums.

If you do downloads, it might be best to have the options in your brokerage account as that will be how E*Trade will download it.

Reply to
Mike B

Thanks, Mike. I really didn't mean to duplicate my question to the same audience. I'd already started this thread when I found the Intuit Forum last night.

I don't download into my investment account right now. Actually, Smith Barney didn't permit that unless one had a personal investment account with them. I only had the account provided by my company. My understanding is that E*Trade's transaction downloads only apply to the non-options portion of the account (my statement is consolidated, but online it looks like I have two accounts with the same acct #). I also read in the Quicken help file that for options related transaction downloads, they might not be accounted for the way Quicken likes to see them, and one should consider not accepting those transactions and instead enter them manually.

I'm really not trying to be difficult or play devil's advocate. I just want to make sure I understand all of the pro's/con's before I make my next move. Would had to follow one path and find myself unhappy with how I decided to handle the options and investment accounts down the road.

Thanks, Charles

Reply to
Charles Goodman

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