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Re: Transfer stock from Broker A to Broker B

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Posted by Mark on September 26, 2000 at 07:52:08:

In Reply to: Transfer stock from Broker A to Broker B posted by Arthur Neill on September 25, 2000 at 09:45:57:

: I transferred SUNW stock from Legg mason to Ameritrade. I have two portfolios, the one I created to track my Legg Mason held stocks and the Ameritrade oe I use to track the stocks held there.
: I want to properly enter the redemption and purchase amounts in the two accounts to reflect the proper cost basis, etc. for tax purposes. Would you please give me some guidance as to what to enter as the "redemption" even though I only transferred and
: the "purchase" fields even though I did not buy but only transferred. I had several purchases at Legg Mason before the transfer so the basis will be computed from several purchase prices at different times. Also, how do I maintain the appropriate long and short term amounts?
: If I enter a single date in the Ameritrade portfolio, the date of the transfer, that will determine the long or short term nature of the "holding period".

Hi Arthur,
You should just move your existing investment file for SUNW from one
portfolio to the other. This is really not a redemption/purchase. For help
on how to move your investment, see the online help topic "How to Create or
Modify a Portfolio". Search for the keyword "portfolios".

Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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