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Transfer between accounts

ALB161067ALB161067
in Excel Workbook
1.What happens if there is a transfer between a broker account/or account grouping - in the transaction listings.

Comments

  • VidasMatelisVidasMatelis
    For Symbols you would use SymbolTransferIn/Out transaction type and for cash you would use Withdraw and Deposit transaction types.
  • rmweiss12rmweiss12
    How and when to use SymbolTransferOutAsSale?
    Do you still specify quantity and price?
    What happens to Capital Gain in this transaction?
    In my case, the stocks were transferred "in kind"
  • VidasMatelisVidasMatelis
    edited March 2021
    SymbolTransferOutAsSale is used when you transfer symbol from "Cash" account to "Tax" account (For example RRSP, TFSA, 401k). Such transfer triggers capital gain/loss that is reported in Sales transactions.
    Was your transfer between same account type? If so, you should use "SymbolTransferOut/In". If this transfer is treated as sale for tax purpose, then use "SymbolTransferOutAsSale/SymbolTransferIn".
    YOu should always specify quantity and price of the share at the time of transfer.
  • rmweiss12rmweiss12
    OK; got it. Thanks.
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