Investment made from Checking is not allowing me to record transaction fully in my investment account

Jonathan Shames's Avatar

Jonathan Shames

06 Jan, 2018 10:30 PM

I recently made a payment for additional shares in my 401K account, which is invested in a mutual fund. When I went into the 401K to record the shares bought, it is not allowing me to do that. It is listed as a transfer and I cannot figure out how to convert this to a BuyXfr so I can record the shares. I tried this on a few other mutual fund accounts and this was the same issue each time. I am assuming there is some issue with the fact that it is coming from my checking account, but can't figure out how to adjust it. Can you help? Thanks.

  1. 1 Posted by dwg on 07 Jan, 2018 08:30 PM

    dwg's Avatar

    It seems unlikely that this would be the problem but I have to ask just to eliminate it.

    You have added the security you wish to buy to the investment account haven't you?

    The source of the funds does not matter in a BuyXfr transaction.

    A BuyXfr transaction is merely two transaction rolled into one so it is possible and quite valid to enter it as its component transactions, so you have an Xfr transaction already you could try to enter a new Buy transaction for the purchase of the security.

  2. System closed this discussion on 08 Apr, 2018 08:40 PM.

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