Investment Transfer RRS feed

  • Question

  • Hi,

    I have a question about an investment account. I have a fund that moved from "B" class to "A" class. The download from my broker shows the activity as "Removed Shares" of B and "Add Shares" of A. My question is, would it make more sense to use the "Transfer In" and Transfer Out" activities for this type of transaction?

    Thank you.


    Sunday, November 7, 2010 9:43 AM

All replies

  • Transfer Out/In is typically used for transferring a holding in kind from one account to another (say one broker to another). Remove/Add Shares is probably a better choice of the two.
    Sunday, November 7, 2010 2:26 PM
  • If this is totally in an IRA or other tax-advantaged account, I would do a Sell of the old shares and a Buy of the new shares.

    If it is in a non-IRA, and if all of your shares  of that investment are converted, I would change the symbol and name of the investment, and do an appropriate split.

    Else, you would want a different method.

    Sunday, November 7, 2010 10:40 PM