Transfer shares between accounts?

[Janice Forrester]

Wow - your replies are so very helpful.  Thank you both for being so 
gracious with your time.  I will give this a try.

Thanks again,

Jan


On 02/20/2013 12:11 PM, David Carlson wrote:
> On 2/19/2013 6:54 PM, Janice Forrester wrote:
>> On 02/19/2013 01:48 PM, Derek Atkins wrote:
>>> Hi,
>>>
>>> Janice Forrester<j_forrester at verizon.net>   writes:
>>>
>>>> Hi all -
>>>>
>>>> Can Gnu Cash handle the transfer of stocks or mutual funds between
>>>> accounts, while preserving the information on when each lot was
>>>> purchased, the number of shares and the basis?
>>>>
>>>> This questions arises from our conversion of traditional contributory
>>>> IRAs to Roth conversion IRAs.
>>>>
>>>> Many thanks,
>>>>
>>>> Jan
>>>
>>> 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.
>>
>> Am a Money Dance refugee.  MD does not allow this type of transfer.
>>
>> Thanks
>>
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>
> I am a user who just went through this.  In my case, accounts
> transferred from one 401-K to another, but the principles are
> identical.  Before the transfer all transactions for all securities
> resided under a brokerage account in various security sub-accounts.  In
> my case I could have simply changed the name of the brokerage account
> because only one or two of the securities changed in any way.  I did not
> do it the easy way because I have OCD.
> The more general case is when the transfer would be documented by first
> creating a new brokerage account and new security accounts.  Where the
> same security appears in the new brokerage account, the new security
> account would refer to the existing security in the price history, but
> the historical transactions do not appear in the new account.
> The final step of the transfer is to "sell" each security in the old
> accounts, including a pair of lines in the transaction record to
> document the "Realized Capital Gain" which you need to correctly set the
> cost basis when you "Buy" shares in the new accounts.
> As Derek states, the amounts and dates for purchases and sales from the
> old accounts do not carry over to the new accounts, but they are still
> in your data file under the old account names.
> It can be tricky to get all the details correct partly because  the
> documentation is a little thin in that area, but we have a thread in
> this list about that.
>
> Generally, the new broker will get the cost basis and significant
> capital gain details from the previous broker if they are available.
> For most U. S. "Qualified Plans" there is not much info needed.
>
> David C
>
>
>
>
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