That make sense except for the "The value you attribute to this
transaction should be the total cost base of DFMGX, so that DFMLX
inherits the same cost base."
How do I do that?
When I reduce DFMGX by 410.20900 shares to 0 transfer them to the new
DFMLX with the transaction drop-down selection thingy?
OR
Do I just reduce DFMGX by 410.20900 shares to 0 by dumping them into a
trash account then enter a new balance of 410.08500 in the DFMLX account?
On 2/15/22 8:14 PM, Geoff wrote:
Hi Jack
***Assuming there is no cash component, and this is not a capital
gains taxable event, I think that you need to:
(a) Create a new Security and a new Account for DFMLX.
(b) In a single transaction, reduce the balance of DFMGX to zero, and
increase the balance of DFMLX to 410.085. The value you attribute to
this transaction should be the total cost base of DFMGX, so that DFMLX
inherits the same cost base.
***I am not an accountant.
Regards
Geoff
=====
On 16/02/2022 11:18 am, Jack Frillman via gnucash-user wrote:
How should I handle a "Mutual Fund Share Class Conversion".
In my case I had the following transaction, see summary below, show
up in my broker account:
(410.20900) shares of DF DENT MID CAP GROWTH FUND INSTL CL N/L (DFMGX)
converting to
410.08500 shares of DF DENT MID CAP GROWTH FUND INSTL PLUS CL N/L
(DFMLX)
No price or $ amount is associated with this transaction.
The only things that changed are 1) ticker symbol, 2) name of Mutual
Fund, 3) number of shares.
Not sure what to do.
Any suggestion will be greatly appreciated.
Thanks.
Jack
--
Old Unix programmers never die, they just mv to /dev/null
- Anonymous
_______________________________________________
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.
