How do I make all securities that are sold always use average cost as basis
Every time a security is sold I cannot accept all downloaded transactions. I have to individually go to every entry and then select average cost. There are usually anywhere from 30-50 a week. I went into the securities and made sure the option is average cost under edit security details. It still makes me do this for every entry. Is there a way to have Quicken accept all as average cost. Quicken Deluxe on Win10.
Answers
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You can set the default lots after download to first shares or last shares, but not average cost, which AFAIK is not applicable to most stock sales
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@Jimmin - I was under the impression that Average Cost to determine gains was not allowed for sale of stock. That being said, I wonder how you have that as an option for a stock fund? When I go into my security list, the Average Cost option is only available for the Mutual Fund security type.
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I saw this post and tried it. I didnt really care if it was lots or average cost. I just didn't want to manually have to accept all. This post resolved it and will accept all downloaded entries without prompting.
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