Investment Account Lot Matching Not Showing

jhb040600486

I created a Coinbase account manually to track my crypto trades. When I sell a position, Quicken does not let me manually match the lot like it does for my online accounts. How can I do a manual match for tax optimization?

jhb040600486

I fixed it. Thaniks all

Tom Young

I have a manual Coinbase account and Quicken does provide the ability to specify lots:

I have my crypto currencies set up as Type: Other but I wouldn't think it would be any different if I had them as Stock or any other Type. 

jhb040600486

I manually created the type "crypto" vs "other". Not sure if this is driving the issue...

Tom Young

Edit the Type to one of the standard types like "Other" and see if that changes anything, after re-starting Quicken.

jhb040600486

Nope - did not work.

q_lurker

Are you clicking the "Specify lots" button on the Sold transaction (see Tom's picture)?  When dealing with downloaded transactions a popup asks about the lot specification.  With a manual transaction, you have to see and act on the lot specification.     

jhb040600486

I'm not getting the "specify Lots" option at all as I do with all my other online brokerage accts... None of these are downloaded transactions but manual ones and there is no option for specifying lots.

Frankx

Hi @jhb040600486

Is there any chance that you had either set-up the account as "Simple Investing -positions only" or converted it to "Simple Investing -positions only" and then changed it back to "Complete - Positions and Transactions"?

If so, that could be causing you not to be able to select lots.

Frankx

jhb040600486

I did not set up the account as "simple investing - positions only"

Jim_Harman

In Edit > Preferences > Downloaded transactions there is an option to assign the lots automatically, either FIFO or LIFO. I realize you are entering these transactions manually, but perhaps this setting is affecting what you see.

Tom Young

"I'm not getting the "specify Lots" option at all as I do with all my other online brokerage accts"

Just to make absolutely sure that we're not talking past one another...

This is a MANUAL Account not an "online brokerage acct" so they do act somewhat differently when it comes to a sale, but your statement here suggests that you expect a manual account should behave exactly the same when it comes to a sale, i.e., a popup should appear requesting lot info.

You're absolutely certain that the Specify Lots button isn't there when you enter a manual sale?

Everything suggests that that button should be there.  In a test file I set up a new security - CRYPTO - and gave it a custom Type of "crypto", and then added several lots, followed by a sale.  That button was there on the sale transaction so the Type isn't causing your problem.

Frankx

Hi again @jhb040600486

So, the only way that I can make the "Specify Lots" button NOT to appear, is if I sell the entire position or sell more shares than the entire position in Quicken.  Are you sure that the share balance in the account is correct?  Are you selling the entire position?

Reaching for straws here...

Frankx

jhb040600486

I am selling only a partial position and have tested several variations at different price points. Never get a "specify lot" option or button.

jhb040600486

I fixed it. Thaniks all

Jim_Harman

How did you fix it, so we can help others if this comes up again?

q_lurker

jhb040600486 said:

I fixed it. Thaniks all

Come on now.  Share!  What fixed it?  What did we miss?  What did you miss?  
The idea of this community is to help others.  Sharing your fix can only help that process.