Transferring Vanguard Individual Mutual Fund Accounts Into Single Brokerage Account

robert@

Hello,

This is a continutaion of a very helpful discussion linked below.

Although this seems like the correct approach, there are still some clean up questions. When executing the transfer, I used the actual date Vanguard consolidated the accounts (9/1/2023), but clicked on the button "transfer all securities". This presented the warning 'Recording a short sale" before proceeding. I now know why.

By using the date of the original transfer (18 months ago), while including all of the shares iin the account as of today's date, I orphaned all the reinvestment transactions which ocurred after that date and were included in the total of shares that were transferred. There transactions were left behind in the old mutual fund account (which Quiken interpreted as short transactions) in which the dividend reinvestments eventually made up the difference between the amount reported as transferred and the amount actually in the account on the date of transfer.

What is the best way to clean up the transactions that occurred after the transfer date?

1. Should I use the "move transactions" option in the upper right hand gear in the old account and merge all of the remianing transactions with the brokerage account?
2. Revise the original transfer to specify (on a FIFO basis) the true amount of shares that were transferred to the brokerage account on 9/1/2023? If so how should I transfer each of the share transactions (all dividend reinvestments) that occurred after that date.

Thank you all for your interest and help.

R.

https://community.quicken.com/discussion/7959454/transferring-vanguard-single-mutual-fund-to-brokerage-account

Jim_Harman

I don't quite follow what you did, especially when you say you told Quicken to transfer the shares as of today's date rather than the date they were actually transferred.

Here is the process I would have used, largely because it mimics what happened in real life. This will enter one Removed transaction for each security held in the old account(s) on the transfer date and an Added transaction in the new account for each tax lot of each security. It preserves the cost basis and acquisition dates of the securities transferred. The pre-transfer cash and security transactions will remain in the old accounts.

1. Make sure the holdings in your old account(s) prior to the transfer are up to date and accurate. 
2. Back up your data file in case something goes wrong.
3. In the old account(s), click on the gear, pick Edit account details, and on the Online Services tab, click on Deactivate.
4. If there are transactions in the old account(s) that remove the holdings for the transfer, delete them.
5. Set up the new account in Quicken if you have not already. If there are already transactions that transfer the holdings into the account or transactions that duplicate ones that are already recorded in the old account, delete them.
6. In the old account(s), click on Enter Transactions and pick Shares transferred between accounts. Set the date for the Shares Transferred to the actual date the securities were transferred.
7. Select All securities and click on Enter/Done.
8. If there is any cash in the old account(s), enter a Cash Transferred out of account to move it to the new account.
9. If you are entering the transfer after the fact and there are transactions in the old account(s) after the actual transfer date for the securities that were moved, you should use the Move Transactions operation to move those transactions to the new account.

When reporting on performance over a period that includes the transfer, include both the old and new accounts in the analysis.