Lot Assignment By Account

lpreinhold

I know there are old posts on this topic, but to me this is something that clearly needs to be implemented for Quicken Business & Personal (Windows). You can set automatic lot assignment by account but there are only two choices - FIFO or LIFO. I have dozens of investment accounts, both taxable and tax deferred, and FIFO is fine for the tax deferred because basis is not important in an IRA. But all of my taxable accounts are set with the brokerages to allocate shares sold by HIFO. Quicken itself allows you to allocate each sale individually as either FIFO, LIFO, Minimum Gain (HIFO) or Maximum Gain but you cannot use Minimum Gain or Maximum Gain as the default setting for an account. So every time a broker sells a lot of different securities, going into each one and manually selecting Minimum Gain is a huge time suck.

q_lurker

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