Gifting Securities

geekerator's Avatar


28 May, 2020 03:55 PM

I can't seem to figure out how to cleanly give a security away. Say I have 10 shares of BofA and I want to give them away (transfer ownership, not sell them and give away the money). It is like simply removing the shares from my portfolio without realizing any gain. I suppose that I could show a sell at $0 per share, but that seems inaccurate. Any suggestions would be appreciated.

  1. 1 Posted by BH on 09 Jun, 2020 09:27 AM

    BH's Avatar

    You could try a "SellXfr" using your cost basis as the sell price and set the category to one you use for gifts or charitable donations (e.g. Personal:Other:Gifts). This keeps your tax basis and gains accounting accurate and removes the security from your portfolio.

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