(BTW, sorry for messing up the threading. I have had a pending
subscription request since before I started this thread, which still
hasn't been approved, so I'm limited to responding to messages that are
CCed directly to me, or cutting and pasting other content from the web
archive).
Christopher Lam wrote:
> There may not be any internal technical restrictions preventing you from
> directly decreasing the share count of a share account, and increasing in
> another.
>
> However this is pretty much uncharted territory when it comes to reports
> and reporting assumptions.
>
> Typically I'd expect someone who tries to move shares between brokers to be
> liquidating their brokerage account, record any capital gains or losses,
> and immediately buy shares in the other account.
I don't know how typical my use case is, but that seems like an
unwise thing to do, in general. I wouldn't want to realize capital gains
or losses solely as a side effect of moving shares from one broker to
another!
All brokers I have accounts with have a process for directly
transferring shares, usually just filling out a web form identifying the
other broker and the specific shares / lots to transfer.
Jon
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