Moving securities

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jf

14 Jul, 2015 04:08 PM

How can one record moving a security "in kind" from one account to another?
The only way I find is to pretend that the security is sold in the first account with a "sellxfr", which transfers money to the second account, then buy the security back in the second account at the same price. However that creates some artificial realized gain/loss and messes up the basis for that security in the second account.
Please help.

  1. 1 Posted by Ben Spencer on 16 Jul, 2015 01:26 PM

    Ben Spencer's Avatar

    Hi jf

    The only way to do this is to enter a SellXfr in the source account and a Buy in the destination account. However it is important to enter these transactions at the original purchase price so as not to change your cost basis.

    Ben Spencer
    Infinite Kind Support

  2. System closed this discussion on 19 Mar, 2016 05:00 AM.

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