Transfer between two mutual funds

David Carlson david.carlson.417 at gmail.com
Fri Sep 2 08:54:59 EDT 2016


Jay, Your case could be considered to be similar to the example in section
8.10.2 of the GnuCash tutorial.  I suggest reading that section for more
information.

David C

On Fri, Sep 2, 2016 at 6:53 AM, David T. via gnucash-user <
gnucash-user at gnucash.org> wrote:

> 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
> > Registered Linux User ID - 9115
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