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How do I sell lots of a security for tax-loss purposes? QPremier R40.21

corndog638

I sold five specific lots of a holding to harvest tax losses. How do I remove them from the register and account for the loss in value?

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Accepted answers

Sherlock

corndog638 said:

I tried shortsale and a sold transaction in the account register for one lot amount and with price received and wasn't prompted to pick a specific or enter a purchase price. I checked "Preferences" and a box I'm not familiar with "Enable Simple Investing" is checked.

Simple Investing only tracks positions. Quicken will not be able to calculate capital gains or losses, or investment income.

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NotACPA

How did you (have you) record this in Q? Because any SELL action, with a sell price that's lower than the purchase price will achieve your objective.

splasher

When you enter the Sell transaction, you have the choice to specify lots in the selections at the right of the transaction in the register or in the transaction pop-up.

corndog638

I tried shortsale and a sold transaction in the account register for one lot amount and with price received and wasn't prompted to pick a specific or enter a purchase price. I checked "Preferences" and a box I'm not familiar with "Enable Simple Investing" is checked.

Sherlock

corndog638 said:

I tried shortsale and a sold transaction in the account register for one lot amount and with price received and wasn't prompted to pick a specific or enter a purchase price. I checked "Preferences" and a box I'm not familiar with "Enable Simple Investing" is checked.

Simple Investing only tracks positions. Quicken will not be able to calculate capital gains or losses, or investment income.

corndog638

OK, I backed up my file, unselected "Enable Simple Investing", and now a "specify lots" button appears. Problem solved; thanks for the clues.