How to accept Investment "Sold" Transactions Automatically with Default Cost Basis

Bione

Fidelity has gone from buying mutual funds on managed investment accounts to individual stocks. An account may have 100+ securities. When there is a market shift, there are mass trades done and I might have over 150 transactions to clear several times a year. Having to go through each one and select the default Cost Basis is getting horrific. I want to confirm if this can be done and what the Preference settings that need to be changed to automatically accept these transactions with the default Cost Basis. From the Community Pages it looks like it can be done but the settings are not clear.

Jim_Harman

Go to Edit > Preferences > Downloaded transactions > Lot assignment after investment download.

Click on Settings and make the selections for your account. Unfortunately only FIFO and LIFO are available as default selections. See this discussion

https://community.quicken.com/discussion/7921403/how-do-i-set-the-default-for-investments-sold-to-first-in-first-out-fifo

Bione

Thanks, that was very clear and concise. I guess I needed to ask the right question in the search tool.