What Is Best Way to Retain Cost Basis When Moving Shares
What is the best way to move shares of stock from one account to another and retain the cost basis information on a specific lot basis? I tested using the "Transfer Shares Between Accounts" traansaction and used Lot Identification. It did seem to move each lot except the transaction date became the "move date" versus the actual purchase date. And since I already had some of the same stock in the receiving account, the newly added lots were not in date order with the existing lots. Would it be better to move the purchase transactions versus transferring the shares?
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