Correcting cost basis

Question

How can I change the cost basis of each of my investments using the method of my brokerage firm rather than what Quicken uses to determine cost basis?

q_lurker · Answer

You can edit each of the historical sales to specify the same lot selection your brokerage used for that sale.  By default, Quicken would have used FIFO if you dod not specify something different.

NotACPA · Answer

I strongly suspect that the cost basis differs because you're not using the same selection method on shares that you sell.  They might be using FIFO, and you might be using "Least Cap Gain".  This will result in Cost Basis differences every time.

Sherlock · Answer

We may reset the cost basis of a security holding using a Removed and Added action transaction.