When transferring short positions between accounts, how do I correct the cost basis?
Options
![DaveFry](https://us.v-cdn.net/6031128/uploads/defaultavatar/nTYA6S0SVB4GN.jpg)
DaveFry
Member ✭✭
The Move transactions option moved all long positions perfectly, but I had to manually use 'add' from the old account and 'remove' from the new account to enter the positions. Cost basis is not entered in the 'removed' positions. How do I fix this?
0
Best Answer
-
Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.5
Answers
-
Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.5
-
That helped a lot. Thanks.0
-
Similar issue here, except I'm using Quicken for Mac. If you enter a short sell transaction, you have to negate the proceeds otherwise your cash won't balance. And what do you mean by "a self-referencing transfer account?" Thanks.
0
This discussion has been closed.