How do I match lots when selling stock?

Daniel's Avatar

Daniel

28 Jun, 2020 12:34 PM

I know this question has been asked before. I just can't find the answer.

I am evaluating moving to MoneyDance from Quciken. Quicken provides an easy interface for specifying which lots are involved in an stock sale. I'm required to use FIFO by Norwegian tax laws.

So, how do I specify to use FIFO instead of Average Cost?

  1. 1 Posted by tgilbert666 on 28 Jun, 2020 01:29 PM

    tgilbert666's Avatar

    G'day Daniel,
    I'm just a fellow user, but you might want to start in the Knowledgebase here . . .

    https://infinitekind.tenderapp.com/kb/investment-accounts/lots-vs-a...

    Or download the functional-but-data-entry-limited trial version and test it yourself

  2. 2 Posted by Daniel on 28 Jun, 2020 02:05 PM

    Daniel's Avatar

    Hi and thanks.

    I read that Knowledge-base article before posting. It states that you CAN enter FIFO -- but not HOW to do it. Also, I have been using the trial version to test functionality for several days. I have all my investment transactions loaded. This is where I am having problems finding HOW to specify FIFO. This is the key feature I'm looking for, so it is kind of important to me :)

    Daniel

  3. 3 Posted by -Kevin N. on 28 Jun, 2020 03:19 PM

    -Kevin N.'s Avatar

    Hi Daniel,

    Open Moneydance to your investment account.
    Click the 'Securities Detail' tab.
    Select the security in question from the drop-down list in the upper, right-hand quadrant.
    Click the 'Edit Security' button.
    In the resulting form, select the 'Lot Matching' radio button.
    (see screenshot)

    -Kevin N. (not a member of MD support)

  4. 4 Posted by Daniel on 28 Jun, 2020 03:55 PM

    Daniel's Avatar

    Just what I needed. Thank you.

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