Can Quicken remember your cost basis method and default each time you enter a sell?
richardecollins
Quicken Windows Subscription Member ✭✭
I'm using Quicken 2019 for Windows Version R20.15 Build 27.1.20.15, but this is an issue I've had in all prior versions I've used.
When downloading transactions from brokerage or investing accounts, every sell transaction requires multiple key strokes to confirm the cost basis method for each transaction and then Quicken takes at least nearly 10 seconds to "accept" each downloaded transaction.
I have thirteen different 529 plan accounts for my grandchildren that each have 6 different sells each month for very minimal monthly fees. It takes me at least 15 to 20 minutes just to download and accept all these transactions every month.
My question is "Is there a more efficient way to do this or automate this process?" I'm not changing the cost basis method each time, but Quicken asks me to confirm it EVERY TIME? I'd love an option that allows me to elect the cost basis method (i.e. First in First Out) for each account ONE TIME and then have Quicken automate this very tiresome process.
Am I just missing it?
When downloading transactions from brokerage or investing accounts, every sell transaction requires multiple key strokes to confirm the cost basis method for each transaction and then Quicken takes at least nearly 10 seconds to "accept" each downloaded transaction.
I have thirteen different 529 plan accounts for my grandchildren that each have 6 different sells each month for very minimal monthly fees. It takes me at least 15 to 20 minutes just to download and accept all these transactions every month.
My question is "Is there a more efficient way to do this or automate this process?" I'm not changing the cost basis method each time, but Quicken asks me to confirm it EVERY TIME? I'd love an option that allows me to elect the cost basis method (i.e. First in First Out) for each account ONE TIME and then have Quicken automate this very tiresome process.
Am I just missing it?
0
Best Answer
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Unfortunately there is currently no way to specify a default lot id method. Please see this enhancement request and Add your vote!
https://community.quicken.com/discussion/7296012/default-lot-identification-21-legacy-votes
QWin Premier subscription5
Answers
-
Unfortunately there is currently no way to specify a default lot id method. Please see this enhancement request and Add your vote!
https://community.quicken.com/discussion/7296012/default-lot-identification-21-legacy-votes
QWin Premier subscription5 -
Thank you for the quick response. I hope they will consider this change. We use to Quicken to be more productive in managing finances. This would help the product to be much more productive for me!0
This discussion has been closed.