Transfer shares from one account to another in Moneydance

Steve's Avatar

Steve

24 Nov, 2019 12:39 AM

I'm trying to figure out how to transfer mutual fund shares from one account to another in Moneydance. (I'm using licensed v2019.3.) The actual transaction was a direct transfer of the shares, not sell shares -> transfer cash -> rebuy shares. Is there a way to enter this transfer in Moneydance?

  1. 1 Posted by dwg on 24 Nov, 2019 02:20 AM

    dwg's Avatar

    I'm a fellow user.

    Sell shares at cost price -> transfer cash -> buy shares at cost price it the only way to do this in Moneydance.

  2. 2 Posted by Steve on 24 Nov, 2019 11:13 AM

    Steve's Avatar

    Thanks for the info. In this case, both accounts are 401(k). Does it matter whether I use cost basis vs. current price (as if I actually sold and re-bought the shares)? Determining the cost basis would be complicated, because the original contributions were bi-weekly for a few years, i.e. a whole bunch of purchases at slightly different prices.

  3. 3 Posted by dwg on 24 Nov, 2019 07:42 PM

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    I only suggested cost basis to allow for the possibility to get a correct Total investment return if you wished. The securities detail screen should give you the average cost per share in any case, but if you just want to monitor the value you could use any price you wished.

    This is one of the Investment Transactions that Moneydance should have the capability to handle properly.

  4. 4 Posted by Stuart Beesley on 06 Dec, 2019 07:23 PM

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    The fake sell and buy using the actual cost basis ensures that the correct cost basis and gains are correct (zero in this case) even if 401k

  5. System closed this discussion on 06 Mar, 2020 07:30 PM.

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