Investment transactions

JonnyDollar
JonnyDollar Quicken Windows Subscription Member ✭✭
edited October 10 in Investing (Windows)

When downloading "sold investment transaction" from Fidelity, Quicken asks for either lot identifier or average price. I hate to admit it but I don't know which method to use.

Any feedback is on this matter is greatly appreciated.

Answers

  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

    You should use the same method to identify the lots to sell as you broker uses. Usually this defaults to First in First Out (FIFO), i.e. the shares you have held longest are sold first.

    If you are selling in a taxable account, you may want to minimize capital gains taxes by telling the broker to sell the highest cost shares first and select the same tax lots in Quicken.

    QWin Premier subscription
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