If it's truly some kind of rollover, Gnucash does allow an exchange of shares without a price. But I don't know how you'd keep the cost basis in the new account.
On Wed, Jul 5, 2023 at 5:49 PM David Carlson <david.carlson....@gmail.com> wrote: > AC, > > Yes, to keep GnuCash happy you want to transfer the cost basis as well as > the securities to the new brokerage account. By entering the transactions > as a sale at the same price that you purchased the the security and a new > purchase at that same price, you are transferring the cost basis, Since > that is not a real sale, there is no realized gain or loss to report to the > taxman until you really do sell > > If you didn't transfer the cost, then GnuCash would think that the old > account still had a cost for a now non-existent asset and the new account > got the security free. You may have to provide that same information to > your broker or custodian if they didn't get it automatically. > > > > On Wed, Jul 5, 2023 at 3:31 PM AC <gnuc...@acarver.net> wrote: > > > Answering two at once: > > > > Fred: No I did not work in split view. I was just working at the single > > account level. > > > > David: Are you saying I need to instruct GnuCash to treat the transfer > > as a sale even though there was no sale thus no realized gains/losses > > and no actual change in the cost basis? > > > > On 2023-07-05 10:07, David Carlson wrote: > > > AC, > > > > > > Fred implied, but didn't elaborate on the point that the shares in the > > > original brokerage account had a cost basis that was incurred when they > > > were purchased. When you transfer them out, that is equivalent to a > sale > > > or closing transaction, and the cost basis should be adjusted > > accordingly, > > > even though there were no funds involved. Of course, that exact cost > > basis > > > needs to be added to the receiving account as if the shares were > > purchased > > > at the original price. This used to be described in great detail in > one > > of > > > the help manuals, including the somewhat tricky procedure to enter > > realized > > > gains when an actual sale happens but I haven't checked lately to see > if > > > those parts are still there. I know that if you do not do those things > > and > > > later run a trial balance or if you use the Investment Portfolio > report, > > > you will quickly see the error of your ways. > > > > > > > > > > > > On Wed, Jul 5, 2023 at 11:33 AM Fred Bone <f...@mandfb.me.uk> wrote: > > > > > >> On 04 July 2023 at 16:29, AC said: > > >> > > >>> I recently moved some mutual funds from one brokerage to another. The > > >>> process did not involve a sale, it was just a transfer of control > from > > >> the > > >>> old to the new. > > >>> > > >>> In my current books I keep mutual funds listed as subaccount under > each > > >>> brokerage as such with their respective security/currency: > > >>> > > >>> Investments > > >>> -Brokerage 1 (currency) > > >>> --Fund A (security A) > > >>> --Fund B (security B) > > >>> -Brokerage 2 (currency) > > >>> --Fund A (security A) > > >>> --Fund C (security C) > > >>> --Fund D (security D) > > >>> > > >>> I wanted to expand this to add the new brokerage and then perform a > > >>> transfer of the funds from one to the other. Let's assume I moved the > > >>> funds under Brokerage 1 to Brokerage 3. So the tree would look like > the > > >>> simplified version below (leaving out Brokerage 2 as it is > unaffected): > > >>> > > >>> Investments > > >>> -Brokerage 1 (currency) > > >>> --Fund A (security A) > > >>> --Fund B (security B) > > >>> -Brokerage 3 (currency) > > >>> --Fund A (security A) > > >>> --Fund B (security B) > > >>> > > >>> The securities are the same because it's the same original mutual > > funds, > > >>> just moved to another brokerage. The tree would be left intact with > the > > >>> funds under Brokerage 1 being zeroed out and the funds under > Brokerage > > 3 > > >>> starting off with the incoming values. > > >>> > > >>> My natural tendency was to create a transfer directly within > Brokerage > > 1 > > >>> Fund A that moved all the shares over to Brokerage 3 Fund A but that > > >>> didn't create the transaction I expected. > > >>> > > >>> By example, I transferred Fund A on July 1 which contained 10 shares > at > > >>> the price of the shares on that day. So in Brokerage 1 I entered -10 > > >>> shares with a total sell price of X as listed on the statement from > > >>> Brokerage 1. The price is autocalculated and the balance correctly > goes > > >> to > > >>> zero. > > >>> > > >>> Looking inside the Brokerage 3 Fund A account I only see a > transaction > > >>> that has an amount in the buy column but no shares and a balance of > > zero. > > >>> I can manually enter the same number of shares in that partially > empty > > >>> transaction but why was my thought about the transfer incorrect? > Should > > >> it > > >>> have not transferred those shares over as well? > > >> > > >> Did you work in split view? > > >> > > >> I can replicate what I think you are saying if I don't enter the > > separate > > >> splits. > > >> > > >> If I go about it the obvious way (in split view) and enter balancing > > >> amounts then it all works. > > >> > > >> However, I'm still on 2.6.21 ... > > >> > > >> _______________________________________________ > > >> gnucash-user mailing list > > >> gnucash-user@gnucash.org > > >> To update your subscription preferences or to unsubscribe: > > >> https://lists.gnucash.org/mailman/listinfo/gnucash-user > > >> ----- > > >> Please remember to CC this list on all your replies. > > >> You can do this by using Reply-To-List or Reply-All. > > >> > > > > > > > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > > > -- > David Carlson > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. 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