Now I see that I was also confused by the way that G Mail was showing this thread on my screen. David Cousens' original answer was correct but it was hidden from my view. The process is essentially the same either way, the only difference being that for an 'in kind' transfer the sale and purchase are just virtual transactions. This sort of situation might come up in transfers of custodial assets in or out of trusts or other tax favored accounts.
David C[arlson] David C[arlson] On Mon, Dec 31, 2018 at 10:09 PM David Carlson <david.carlson....@gmail.com> wrote: > I forgot to mention that if the value has changed at the time of the 'in > kind' transfer from the original value in the source account, then it is > necessary to account for a profit or loss to the source account in the > pseudo-sale transaction and to assign the new value to the new account in > the pseudo-purchase transaction. > > David C[arlson] > > On Mon, Dec 31, 2018 at 10:00 PM David Carlson < > david.carlson....@gmail.com> wrote: > >> Now David Cousens, you are confusing me. If you are referring to >> re-writing the original purchase transaction to correct an error, and the >> cash that is also transferred in that transaction is also corrected to the >> new brokerage account, then I agree with you. >> >> If, however, this is a new transaction representing a transfer of >> existing stock 'in kind' or some other asset which is not really sold, such >> as an antique or art work, then it would be necessary to figure out the >> value that the asset had in the source account and to also transfer that >> value to the new account along with the asset. That transaction pair would >> be similar to a sale out of the source account and a purchase in the >> destination account. Again, there is an assumption that the same currency >> is used throughout. >> >> David C[arlson] >> >> On Mon, Dec 31, 2018 at 8:30 PM David Cousens <davidcous...@bigpond.com> >> wrote: >> >>> Jon, >>> >>> Sorry for the overkill Jon. >>> In that case it is fairly simple. If you open the transaction in the >>> account >>> register they are in then edit the account entry split which debits them >>> to >>> that account and just select the new account you want to move them to in >>> the >>> drop down list. If you click on another transaction you will then get a >>> dialog asking whether you want to confirm the changes. This will remove >>> the >>> transaction from that register. If you then open the new account >>> register >>> you should see the transaction in the register for the new account. >>> >>> David >>> >>> >>> >>> ----- >>> David Cousens >>> -- >>> Sent from: >>> http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html >>> _______________________________________________ >>> gnucash-user mailing list >>> gnucash-user@gnucash.org >>> To update your subscription preferences or to unsubscribe: >>> https://lists.gnucash.org/mailman/listinfo/gnucash-user >>> If you are using Nabble or Gmane, please see >>> https://wiki.gnucash.org/wiki/Mailing_Lists for more information. >>> ----- >>> Please remember to CC this list on all your replies. >>> You can do this by using Reply-To-List or Reply-All. >>> >> _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
