I suggest simply rename the account to new broker name if you want to keep reports generated intact.
The name is in no way linked or tied internally anywhere so you can rename as you like as it is free format text. You can add a "note" transaction in the register as reminder when the transfer took place if you like. 'Transfer of Assets ACAT Receive' simply means it is like-for-like transfer, and therefore the value does not have any meaning for the account for that transaction. This method of transfer also transfers the cost basis history should it be needed to report that to proper authorities but for IRA it is not used for gain purposes. -----Original Message----- From: David Carlson <david.carlson....@gmail.com> Sent: Wednesday, November 20, 2024 9:15 AM To: sunfis...@yahoo.com Cc: gnucash-user@gnucash.org Subject: Re: [GNC] How to record the transfer of securities directly from one broker to another Thanks for the suggestions so far. I had not thought of the re-parent option. That would be quite easy, although I had embedded a hint at the broker name in the names of the original set of security accounts, which would complicate that process a bit if I use it. I know that there is no need in GnuCash to accurately reflect all the details required to be 100 % legal with the government regulations. The new brokerage identifies each transaction as 'Transfer of Assets ACAT Receive' and they do include a value for each security, but I am sure there is further documentation not shown that could (and would) be used for regulation compliance. This case is a roll-over IRA and so the regulations are a little different than for other types of accounts. I think the biggest problem might be how to handle GnuCash reports about the history with the previous brokerage after the re-parenting. A big part of my final decision will be how much work does it take to implement it and whether details that I consider important are included. Maybe I would need to create a separate set of 'Before' books to use for some reports. On Wed, Nov 20, 2024 at 5:42 AM sunfis...@yahoo.com <sunfis...@yahoo.com> wrote: > Imight just create the base brokerage account and reparent the > individual stock and mutual fund accounts into the new brokerage. > > Otherwise, zero dollar transactions sending shares only? Note that > this would likely affect capital gains calculations... > > David T. > > On Nov 20, 2024, 9:19 AM, at 9:19 AM, David Carlson < > david.carlson....@gmail.com> wrote: > >I opened a new brokerage account at a different provider and I asked > >them to transfer all the securities directly from the previous > >provider without selling and buying. This was allowed, I think, > >because they were all held in street name at the previous provider. > >They are both US brokerage houses. > >I do not see that scenario covered in the Tutorial. How should I > >cover this in GnuCash? I presume that I need to create a group of > >accounts similar to the old set for the new broker, but then how do I > >move the securities without selling and buying? > > > >-- > >David Carlson > >_______________________________________________ > >gnucash-user mailing list > >gnucash-user@gnucash.org > >To update your subscription preferences or to unsubscribe: > >https://lists.gnucash.org/mailman/listinfo/gnucash-user > >----- > >Please remember to CC this list on all your replies. > >You can do this by using Reply-To-List or Reply-All. > > -- David Carlson _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
