Transfer between two mutual funds

[David T.]

Jay,

DISCLAIMER - I am also not an accountant. 

To begin: you may wish to verify with your funds that there is in fact no gain to be reported. 

Next: It seems to me that you could treat this as a transaction involving only shares of xyz and zyx.

xyz  -145.685 shares at whatever value amount (price is calculated)
zyx  +206.403 shares at same value (price is calculated)

HTH,
David

> On Sep 2, 2016, at 4:26 PM, Jay Ridgley <jridgley2 at austin.rr.com> wrote:
> 
> All,
> 
> DISCLAIMER - I am not an accountant!
> 
> I had a mutual fund xyz that was transferred to fund zyx. NO money transactions were generated the only difference was the resulting number of shares 145.685 shares in xyz is now 206.403 in zyx. The value of the holding remains unchanged.
> 
> How is the best way to handle this transaction(s)?
> 
> I am leaning toward selling 145.685 xyz for $ and buying 206.483 zyx for same $ and ignore the gain/loss portion of the sell transaction.
> 
> Ideas...
> 
> Thanks,
> Jay
> -- 
> Jay Ridgley
> jridgley2 at austin.rr.com
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