Qn seems to lack strategy to capture specific SELL lots downloaded from investment firm Tax Loss Harvesting accounts.
As background to my request for a solution, investment companies offer Tax Loss Harvesting Services which manage optimal SELL of taxable account stocks, bonds, mutual funds, etc. at a loss to offset realized gains in a Client’s portfolio. This provides professionally-managed, time-saving alternative to Clients (Quicken Users) strategizing and managing such activity on their own.
Problem appears that Qn fails to automatically capture and enter those specific SELL lots involved with transactions downloaded from professional Tax Loss Harvesting service, e.g. Fidelity. Instead, Qn downloads and prompts User to “Accept downloaded transactions into transaction list.” Qn thereby requires User to specify the SELL lots that Tax Loss Harvesting managers had chosen, information not readily available to Client compared to an automatic download of SELL LOT(s) into Qn scenario. [Reference attached image.]
All in all, this program gap causes a time- and labor-intense process for User to identify the exact SELL LOT(s) of numerous transactions and manually enter data into Qn register to maintain accuracy. Situation defeats purpose of professionally managed Buy-Sell trades as time-saver for Investors when it comes to Tax Loss Harvesting investment plan and whole portfolio tracking and synopsis in Quicken Premiere.
Please share insights if you’ve experienced the same problem or have found a way to set up Qn accounts to automatically and accurately download specific SELL lots of Tax Loss Harvesting transactions managed by professional financial firms.
Thanks,
20+ years Quicken (Qn) User
