[GNC] Mutual Fund Class Conversion

[Geoff]

Hi Jack

***Assuming there is no cash component, and this is not a capital gains 
taxable event, I think that you need to:

(a) Create a new Security and a new Account for DFMLX.
(b) In a single transaction, reduce the balance of DFMGX to zero, and 
increase the balance of DFMLX to 410.085.  The value you attribute to 
this transaction should be the total cost base of DFMGX, so that DFMLX 
inherits the same cost base.

***I am not an accountant.


Regards

Geoff
=====

On 16/02/2022 11:18 am, Jack Frillman via gnucash-user wrote:
> 
> How should I handle a "Mutual Fund Share Class Conversion".
> 
> In my case I had the following transaction, see summary below, show up 
> in my broker account:
> 
> (410.20900)  shares of DF DENT MID CAP GROWTH FUND INSTL CL N/L (DFMGX)
>   converting to
> 410.08500  shares of  DF DENT MID CAP GROWTH FUND INSTL PLUS CL N/L (DFMLX)
> 
> No price or $ amount is associated with this transaction.
> The only things that changed are 1) ticker symbol, 2) name of Mutual 
> Fund, 3) number of shares.
> 
> Not sure what to do.
> 
> Any suggestion will be greatly appreciated.
> Thanks.
> Jack
>