Prev: What happened to my balance column?
Next: cost basis for merger - Burlington vs Berkshire
From: wbertram on 20 Feb 2010 15:51
I have found it useful to have two securities. say ATT and ATT-IRA.
They have the same symbol, but different names. And, of course,
different tax properties.

U=On 2/20/2010 6:49 AM, Sportryder wrote:
> Sportryder had written this in response to
> http://www.rockryno.com/quicken/Re-Specific-Lots-Shares-at-Sale-Problem-21368-.htm
> :
> Hey all.......thanks.
>
> Yep, I found the designation box on the Security edit view. Now I
> remember I had to do that before with some of my other securities.
>
> I THINK that when Quicken automatically sets up a new security it by
> default designates "average" cost basis. This to me seems weird that cost
> basis would be decided on the security level and not the account level,
> e.g. two accounts (say taxable and IRA) with the same security. Hmm,
> maybe I'd like to treat the two accts differently???
>
> And yes, thanks Zaidy, consistency is key when it comes to the IRS. Fully
> understand and appreciate.
>
> M
>
> -------------------------------------
> Zaidy036 wrote:
>
> snip
>
>> Just watch out - the IRS does not let you change between Average&
>> Lot
>> if used once in the past.
>
>
>
>
>
> ##-----------------------------------------------##
> Newsgroup Access Courtesy http://www.rockryno.com/
> Tax and Accounting Software Forums
> Web and RSS access to your favorite newsgroup -
> alt.comp.software.financial.quicken - 20766 messages and counting!
> ##----------------------------------------------
First  |  Prev  | 
Pages: 1 2
Prev: What happened to my balance column?
Next: cost basis for merger - Burlington vs Berkshire