Correcting cost basis

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?

Answers

  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    What method does your brokerage firm use?
    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    We may reset the cost basis of a security holding using a Removed and Added action transaction.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    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 VP
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    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?
    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.
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