No. of Recommendations: 0
Thanks Nairb1971 -

But from what I've googled it seems it would affect my cost basis?
It lists it removes FIFO shares

" Number of shares
Enter the number of shares you're removing. Quicken reduces the number of shares in your account and records a sale with a capital gain of zero. You are simply withdrawing the shares from the current investment account; this does not affect the cash balance of any account. Quicken enters this transaction in the list as a ShrsOut (shares out) transaction.

Specify Lots
If you want to track the share removal with lot details, click Specify Lots. Otherwise Quicken chooses to remove the oldest shares (called First In, First Out, or FIFO).

For mutual funds which use the average cost method of tracking cost basis, the Specify Lots button will be unavailable (gray) because it does not apply.
Average Cost - This is the total cost of all shares of a security divided by the number of shares. For example, if you own 50 shares of stock with a cost basis of $1000, the average cost per share is $1000 divided by 50 shares, or $20 per share. When you track a security using the average cost method, Quicken displays the average cost in the Portfolio's Cost Basis Per Share column and displays the label "avg. cost" in the Shares column.

If the Specify Lots button is otherwise unavailable, make sure that you've selected a security for which you hold an open position in this account."

Quicken user who likes things neat and tidy :-(
I mean it's just numbers for gosh sakes, it should all add up properly
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.