Transfer shares between accounts?

[Derek Atkins]

Janice Forrester <j_forrester at verizon.net> writes:

>> Yes and no.  When you make a transfer from A to B, in B you will have
>> lost the historic context from A.  However, your 'A' history will
>> remain.
>>
>>> Please remember to CC this list on all your replies.
>>> You can do this by using Reply-To-List or Reply-All.
>>
>> -derek
>>
>
> Thank you for your reply.  I am a newbie here, and do not really
> understand your reply.  What specifically happens to basis and trade
> date?  Another situation where this can arise if someone transfers a
> security between brokers, and wants to preserve basis and trade date
> for tax purposes.

The trade date wont be available in B; you will have to refer back to A.
As for the basis, it depends on how you record the transfer, but most
likely your weighted-average cost basis will transfer over from A to B.

The only way to transfer the basis and trade date is to record the
original basis/date in the transfer transaction, either by dating it
appropriately or by recording it in e.g. the transfer description.

> Am a Money Dance refugee.  MD does not allow this type of transfer.
>
> Thanks

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available