"Minimum Gain" …. Is There Such a Thing as "Minimum Tax"?

gfvalvo

When selling securities, "Select Lots" provides four selection buttons: "First Shares In", "Last Shares In", "Minimum Gain", and "Maximum Gain".

What I really need is a button for "Minimum Tax". I envision being able to specify the holding times defining "Long Term" and "Short Term" along with their respective capital gains tax rates (these should default to the current IRS values). Clicking the button, Quicken would then work its magic to identify which lots to sell that would produce the minimum tax liability. Does such a thing exist?

q_lurker

No, such an option does not exist.

Tom Young

You can click the ellipses in the upper right hand corner of your post and make it an "Idea", if you'd like.

q_lurker

The concept is discussed under this idea - essentially a fifth choice

Can't we have 4 Lot Identification default choices? (+6 Merged Votes)

JoeG

Jul 23, 2020

There was talk last January about an update that added default Lot Identification choices. There are 4 Lot ID choices; First In, Last In, Minimum Gain and Maximum Gain. Yet there are only 2 default choices; First In and Last In. Let's finish the job!

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mshiggins

Isn’t that what the Capital Gains Estimator is supposed to do?