Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO
Correcting cost basis
Lenard M. Hughes
Member ✭✭
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?
0
Answers
-
What method does your brokerage firm use?Quicken user since Q1999. Currently using QW2017.
Questions? Check out the Quicken Windows FAQ list0 -
We may reset the cost basis of a security holding using a Removed and Added action transaction.0
-
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.
Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP1 -
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.Lenard M. Hughes said: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?0
This discussion has been closed.