Oops forward to user list.
On Fri, 7 July 2023, 12:24 pm AC, wrote:
> On 2023-07-06 20:46, Christopher Lam wrote:
> > On Fri, 7 July 2023, 11:31 am AC, wrote:
> >
> >>
> >> I'm able to log into the new broker's website and see the entire history
> >> of each fund since I first purchased shares
Yes it is a total transfer as if I had a basket of widgets in my
kitchen, picked it up and placed it in my neighbor's kitchen. The
widgets didn't change, only the storage location.
I'm able to log into the new broker's website and see the entire history
of each fund since I first purchased
If it's truly some kind of rollover, Gnucash does allow an exchange of
shares without a price. But I don't know how you'd keep the cost basis in
the new account.
On Wed, Jul 5, 2023 at 5:49 PM David Carlson
wrote:
> AC,
>
> Yes, to keep GnuCash happy you want to transfer the cost basis as well
On Fri, 7 Jul 2023 at 05:16, AC wrote:
> I just took a look at the Advanced Portfolio report to see what GC
> thought about what I had done. It does appear that the basis was lost as
> part of the transfer because for each of the funds that transferred over
> the new basis is exactly the value
act on any reporting.
-Original Message-
From: David Carlson
Sent: Wednesday, July 05, 2023 1:08 PM
To: f...@mandfb.me.uk
Cc: AC ; gnucash-user@gnucash.org
Subject: Re: [GNC] Transferring mutual funds
AC,
Fred implied, but didn't elaborate on the point that the shares in the
original brokera
nt: Wednesday, July 05, 2023 1:08 PM
>To: f...@mandfb.me.uk
>Cc: AC ; gnucash-user@gnucash.org
>Subject: Re: [GNC] Transferring mutual funds
>
>AC,
>
>Fred implied, but didn't elaborate on the point that the shares in the
>original brokerage account had a cost basis that was
d have no impact on any reporting.
>
>
> -Original Message-
> From: David Carlson
> Sent: Wednesday, July 05, 2023 1:08 PM
> To: f...@mandfb.me.uk
> Cc: AC ; gnucash-user@gnucash.org
> Subject: Re: [GNC] Transferring mutual funds
>
> AC,
>
> Fred implied,
on the date of
the transfer itself which would have no impact on any reporting.
-Original Message-
From: David Carlson
Sent: Wednesday, July 05, 2023 1:08 PM
To: f...@mandfb.me.uk
Cc: AC ; gnucash-user@gnucash.org
Subject: Re: [GNC] Transferring mutual funds
AC,
Fred implied, but didn't
Since these funds have been held since before I started using Gnucash I
can't really carry over any cost basis within it. I won't worry about it
too much because I am not using the reports directly and I don't use
Gnucash for my taxes. However, it appears it handled it anyway because
the
AC,
Yes, to keep GnuCash happy you want to transfer the cost basis as well as
the securities to the new brokerage account. By entering the transactions
as a sale at the same price that you purchased the the security and a new
purchase at that same price, you are transferring the cost basis,
Answering two at once:
Fred: No I did not work in split view. I was just working at the single
account level.
David: Are you saying I need to instruct GnuCash to treat the transfer
as a sale even though there was no sale thus no realized gains/losses
and no actual change in the cost basis?
AC,
Fred implied, but didn't elaborate on the point that the shares in the
original brokerage account had a cost basis that was incurred when they
were purchased. When you transfer them out, that is equivalent to a sale
or closing transaction, and the cost basis should be adjusted accordingly,
On 04 July 2023 at 16:29, AC said:
> I recently moved some mutual funds from one brokerage to another. The
> process did not involve a sale, it was just a transfer of control from the
> old to the new.
>
> In my current books I keep mutual funds listed as subaccount under each
> brokerage as
I recently moved some mutual funds from one brokerage to another. The
process did not involve a sale, it was just a transfer of control from
the old to the new.
In my current books I keep mutual funds listed as subaccount under each
brokerage as such with their respective security/currency:
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