Setting a default tax lot method for security sales.

Unknown

Is there a way to set a default tax lot method for equity sales, like fifo, hifo etc? It is time consuming to have to pick each lot individually when i always opt for the same method. I use Quicken for Windows 2017.

Quicken Harold

Hello Lisa, appreciate your question.

This article should answer your question: https://www.quicken.com/support/how-do-i-change-default-sales-tax-account

Please let us know if this worked or if you have any further questions.

Respectfully,
~ Quicken Harold.

mshiggins

The default is FIFO if you don't select specific lots or specify another method. Are you wanting to use something other than FIFO?

K.O. (Win-Premier)

Quicken Harold said:

Hello Lisa, appreciate your question.

This article should answer your question: https://www.quicken.com/support/how-do-i-change-default-sales-tax-account

Please let us know if this worked or if you have any further questions.

Respectfully,
~ Quicken Harold.

I don't think that article on Sales Tax is what she is looking for.

K.O. (Win-Premier)

Hi Lisa.  There have been more than 1 thread out there on this topic w/ many investors looking for an enhancement to default the tax lot method on an account by account basis but as of now, the functionality is not available.

John Kett

Is this on the roadmap to implement?  This is incredibly frustrating to have to robotically hit the same keys over and over

q_lurker

Their "roadmap" is not publicized, but you can add your comments AND VOTE here:
https://community.quicken.com/discussion/7296012/