A suggestion for 'Transfer Between'

[rkthomas]

Please add a checkbox to the Transfer Between screen to choose either Tax Lot tracking, OR Single Transfer In creation in the receiving investment.

Rationale: My major use of FM is for tracking of Retirement accounts, which are all Tax Deferred; Thus tax lot tracking merely adds many additional lines to my investment history, which have no meaning, and do not correlate to account reports. Previously I entered one sale & one purchase to reflect portfolio balancing transactions. Having just 'discovered' the transfer between function, after using FM since Ver 4! , it could be a great time-saver.

(I should read the manuals more often, I'm happier every time I do!!)

[Mark]

Hi rkthomas,

Thanks for the feedback, that would be useful. I usually recommend in this case to use Transfer Out, and then Transfer In. Having an option in "Transfer Between" would be more convenient though...

[rkthomas]

Yes, Mark, MUCH more convenient, since the Transfer IN also requires OOP cost basis and Tax Cost Basis Date & Value, which are never used in a Tax Deferred situation. The only really important items are value changes over time, and redemption amounts, which are ordinary, taxable, income.