Return of Capital allocation
I know that there have been previous discussions on how Quicken allocates Return of Capital among different lots, but these have been closed, and did not address some important issues. The last discussion I read on this topic was that Quicken allocates ROC based on the number of stock in each lot "and this is the right way to do it". That may be so from Quicken's perspective, but broker statements disagree. In my particular instance, Charles Schwab disagrees. However, Quicken does not allow any adjustment to their auto allocation. The repercussions of this is that stock basis, (and any subsequent sale of stocks' gains or losses) will not match the brokers' statements, which makes any reconciliation very cumbersome for as long as the stock is held. But the big deal is that the Quicken records will not match any 1099 issued by the broker; which negates getting an accurate tax projection; nor does it facilitate downloads to tax software; which, of course, is two of the major reasons of working with Quicken. It seems the fix should be to add a "specify lot" button in the ROC transaction screen, just like the sell stock transaction screen. Maybe easier said than done, (or maybe there is a better solution), but this appears to be an ongoing problem for Quicken users. Please work on it!