Moving securities
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.
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1 Posted by Ben Spencer on Jul 16, 2015 @ 01:26 PM
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
System closed this discussion on Mar 19, 2016 @ 05:00 AM.