stock transfer and "orphaned gaines"

[Derek Atkins]

Morris Walton <morris.walton at gmail.com> writes:

> Hi,
>
> when i transfer stock from one [stock] account to another (eg 100 INTC
>>From schwab account to tdameritrade), how do i balance the accounts (eg
> # of shares totals 0, and net value totals 0)?  In my example, if i
> bought 100 INTC at $15 in schwab account, then when transferring to
> tdameritrade it is $20...how should i record the value of the stock for
> the transition?  Should I use the $20, or $15, or should it be done this
> way at all?  In other words, if i had just sold 100 INTC from the schwab
> account , i would balance the value with a $500 capital gain so that the
> net gain/loss for the stock account would be 0.....  not sure how to
> balance for the transfer so that the net gain will be 0.  I've looked
> around for help on this - let me know if this is document somewhere.

You didn't sell and buy the stock, just transfered it..  So use the
purchase price, $15.

> Thanks for the help.
>
> Morris

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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