How to transfer investments from one account to another? (edit)

sollmans
sollmans Quicken Windows Subscription Member
edited November 2023 in Registers & Transactions (Windows)

I am closing one set of accounts (business) and moving them to my trust account. Cash is an easy transfer, but I am struggling to move investments from one to the other. What I have come up with is basically entering a sell transaction on one side and a buy transaction on the other side. Any body have a better solution?

Comments

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Use the Shares Transferred function from the Enter transactions button in the Business account.

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Two more points:

    Backup First, and

    That assumes the basis and acquisition dates also transfer as the shares transfer from Business to Trust. I am not tax-savvy enough to know if that is correct or not.

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