tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/1226-401-k-account-mutual-fundInfinite Kind: Discussion 2017-01-02T20:30:21Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/408638932016-10-03T20:26:10Z2016-10-03T20:26:10Z401 K account (mutual fund)<div><p>There are two things happening in this transaction. The first is
that Fidelity is selling some securities. Then they use the
proceeds of that sale to fund its fee. The most important part of
this is to make sure the transaction does not unduly affect the
cost basis.</p>
<p>The sell xfer is for when you sell securities and move the
proceeds to another account.</p>
<p>The best method for this is to create an expense
category,something like "fidelity 401k quarterly fee". Now in the
investment register make a the sell action, this will create the
necessary fund to pat the fee. In the Banking register of the
investment account make a transaction to the fee category for the
fee. This adjusts the cash holding in both registers to reflect the
paymetn of the fee. You can make a miscfee transaction from the
investment register if you have a money-market security to assign
it to.</p>
<p>In using seperate transactions in this way you are not having
ther cost basis of the security sold affected by the fee</p>
<p>Tom Freeman<br>
Infinite Kind Support</p></div>Tom Freeman