override lot specification of lots that are transferred between accounts for tax reasons

System Member admin
edited June 2021 in Investments (Windows)
This discussion was created from comments split from Paycheck Auto Update.
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  • Henry112
    Henry112 Member ✭✭
    Need to override lot specification of shares (assets) that are transferred between accounts. When sending Crypto assets from one wallet to the next, it shouldn't trigger a taxable event so there is no need to specify lots on a FIFO basis. And it makes it confusing to track the movement of assets from one wallet or exchange to another.
  • Quicken Anja
    Quicken Anja Moderator mod
    edited May 2021
    Hello @Henry112,

    Thank you for taking the time to reach out to the Community with your request.

    I went ahead and changed your post to an Idea so other users who have the same or a similar request can vote on your idea by clicking the up arrow (see below).

    Ideas are also reviewed by our Development and Product teams in order to improve Quicken and implement new features requested by customers.

    Please, be sure to add your own vote as well.

    -Quicken Anja
  • Rocket J Squirrel
    Rocket J Squirrel SuperUser ✭✭✭✭✭
    edited May 2021
    Unless I am misunderstanding, this feature already exists. When using "Shares Transferred Between Accounts," you may specify lots which are not FIFO. This is not necessarily for tax purposes, but for tracking cost basis and gain/loss.

    Quicken user since version 2 for DOS, now using QWin Premier Subscription (US) on Win10 Pro.