View the tax implications of my holdings


Sometimes it's difficult to decide whether to sell a short-term holding today when the price is high, or wait until it becomes a long-term holding and thus subject to a smaller tax liability. The Tax Implications view in the Quicken Portfolio can provide the information you need to make such a decision.

For example: If your lot was purchased less than a year ago, and you sold it today, it would be taxed at the short-term capital gains tax rate. If, instead of selling, you held the stock until the end of the short-term holding period (a year from the date you bought it), and then sold it, that same lot would be taxed at the lower long-term capital gains tax rate. Assuming the price doesn't fall drastically, you could save money on taxes and keep more of the profits. (Tip: Use the Capital Gains Estimator to try out different tax scenarios.)

  1. Click the Investing tab.
  2. If necessary, click the Portfolio button at the top of the page. (Do it for me)
  3. From the Show list, select Tax Implications.
  4. If necessary, click the arrow icon next to the account name to see all of the securities in the account.
  5. To view the tax implications for your open lots, click the plus sign next to an individual security.

    • A lot is a collection of security shares, grouped according to when they were purchased. For example, if you purchased 100 shares of Intuit last year, and 100 more shares today, these two groups of Intuit shares would be displayed on separate lines in the Portfolio, in the Name column. Each of these two groups is a "lot". When you sell, Quicken lets you specify how many shares to sell from which lot, and then subtracts the correct number from the lot you specify. (This can help you minimize the capital gains tax impact.) 
  6. Roll your pointer over the column headings to see a brief explanation of each tax term, or see the complete explanation of column headings.

Notes

To learn more, see Estimating capital gains before selling.

Quicken relies on accurate and complete data to derive reliable performance measures. To view certain performance measures, it may be necessary first to replace placeholder entries with complete historical data.

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