[GNC] Moving Securities from one Security Account to another

[john]

Is the savings plan account tax deferred? If it is then it's probably a taxable event to transfer the shares out of it and you'll indeed want to do a sell/buy dance so that you can book the gain/loss income.

If not then there should be no tax event and you can just CR the savings plan account for the number of shares and DR the regular one. You could 0-price that transaction, but it will make your live easier when you eventually sell the shares to price it at the average basis so that that's recorded in the "regular" account.

You could also just delete the savings plan account and tell GnuCash to move the transactions to the regular account. You'll lose the history that the savings plan account existed but gain that all of the relevant transactions are visible in the regular account.

Regards,
John Ralls



> On Oct 14, 2022, at 6:07 PM, R Losey <rlosey at gmail.com> wrote:
> 
> I would merely "sell" them in the savings plan and then "buy" them in the
> regular account.
> 
> If you want your gain/loss to be correct, it may be more work... you would
> have to "sell" each at the price it was added, and then buy it in the
> regular account at that price... I assume this is what the bank did when
> they "merged" the two accounts. If need this level of information, you
> should have all of this recorded... it may be tedious, but it is certainly
> doable.
> 
> However, if you don't need that information, you can just sell the
> savings security at current price and buy them at the current price.
> 
> 
> On Fri, Oct 14, 2022 at 5:51 PM Thomas <tduellmann+gnucashuser at gmail.com>
> wrote:
> 
>> Dear list,
>> 
>> I have to different accounts for one security (regular and saving plan
>> account) and recently canceled said saving plan and instructed my bank
>> to merge the shares in the saving plan account into the regular account,
>> which they did.
>> Unfortunately, I am somewhat clueless on how I can book such a
>> transaction as there seem only to be the buy/sell options in security
>> accounts.
>> Could you please give me a hint on how I can book such a transaction
>> properly? Moving shares from one account to another without any fees or
>> other expenses.
>> 
>> Thanks a lot in advance for your help!
>> 
>> I use GnuCash 4.12 (Version-ID: 4.12+(2022-09-24)) on ArchLinux
>> 
>> Best regards,
>> Thomas
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> 
> 
> -- 
> _________________________________
> Richard Losey
> rlosey at gmail.com
> Micah 6:8
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