It looks like you're new here. If you want to get involved, click one of these buttons!
Portfolio Slicer for Power BI
External Data Files
Transfer between accounts
1.What happens if there is a transfer between a broker account/or account grouping - in the transaction listings.
For Symbols you would use SymbolTransferIn/Out transaction type and for cash you would use Withdraw and Deposit transaction types.
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"
edited March 22
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.
OK; got it. Thanks.
Forum Software Powered by Vanilla