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Tranfer in inherited stock

General questions about using Fund Manager that do not fit into any other forum.

Postby Robert A » Wed Apr 21, 2021 7:19 pm

Hi Mark,

How do I go about creating a new stock that I inherited from a relative?

For example, if I want to transfer 200 shares of AAPL into my Fidelity account, I know the cost basis is the price of the stock on the day I inherited it, but no cash is used to acquire the stock.
Robert A
 
Posts: 33
Joined: Mon Aug 25, 2008 1:26 pm

Postby Mark » Thu Apr 22, 2021 9:35 am

Hi Robert A,

You can use a "Transfer In" or you could record a Buy, but either not use the default cash account, or delete the cash side of the transaction afterwards. A Transfer In is probably the most appropriate here.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
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Location: Chandler, AZ

Postby Robert A » Thu Apr 22, 2021 6:45 pm

Thank you. "Buying" the stock and removing the corresponding cash transaction worked.
Robert A
 
Posts: 33
Joined: Mon Aug 25, 2008 1:26 pm


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