Re: Gift/transfer of shares
In Reply to: Gift/transfer of shares posted by Andrew Padgett on January 10, 2002 at 17:24:03:
: How do you reduce the number of shares without creating a sale which will affect the Capital Gain reporting?
: I gave appreciated shares and want to pull them out of my account.
1) Record a sell
In this case you should use #1. You will have an entry in the capital gain report though... You can record the sale price such that the gain will be $0, or you could record it at the actual sell price, and just ignore this entry in the capital gain report, or record a memo with this sell.
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