[GNC] Mutual Fund Class Conversion

[Geoff]

Sorry Jack, that is just the total acquisition cost of your 410.209 
units in DFMGX:
  - How much did you pay for them?
  - Were there any brokerage fees or taxes?
  - Did you receive any units in lieu of income (DRP)?

Add that all up and enter it as the Credit when you reduce DFMGX, and 
again as the Debit when you increase DFMLX.

See attached screenshot for an imaginary example where you purchased two 
lots (300 and 100) and received a further 10.209 via DRP. (Dates are in 
DD/MM/YYYY format).

Hope this helps.

Geoff
=====

On 16/02/2022 1:20 pm, Jack Frillman wrote:
> That make sense except for the "The value you attribute to this 
> transaction should be the total cost base of DFMGX, so that DFMLX 
> inherits the same cost base."
> How do I do that?
> When I reduce DFMGX by 410.20900 shares to 0 transfer them to the new 
> DFMLX with the transaction drop-down selection thingy?
>    OR
> Do I just reduce DFMGX by 410.20900 shares to 0 by dumping them into a 
> trash account then enter a new balance of 410.08500 in the DFMLX account?
> 
> 
> 
> On 2/15/22 8:14 PM, Geoff wrote:
>> 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
>>>
> 
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