Money: How to Transfer Investments Between Brokerage Accounts (128135)


The information in this article applies to:

  • Microsoft Money 2004 Deluxe
  • Microsoft Money 2003 Deluxe
  • Microsoft Money 2003 Deluxe and Business
  • Microsoft Money 2003 Standard
  • Microsoft Money 2002
  • Microsoft Money 2001
  • Microsoft Money 2000
  • Microsoft Money 99
  • Microsoft Money 98
  • Microsoft Money 97
  • Microsoft Money 2000 Business and Personal
  • Microsoft Money 98 Deluxe Edition
  • Microsoft Money 98 Financial Suite
This article was previously published under Q128135

SUMMARY

This article describes how to transfer an investment from one account to another in Microsoft Money.

Note In Money 99 or earlier, there is no simple way to transfer an investment from one account or broker to another.

MORE INFORMATION

In Money 2000 and later, you can transfer all of the transactions in an investment account to another account. To do this:
  1. On the navigation bar, click Investing, and then click Portfolio.
  2. In the left pane, click Record a special activity, and then click Transfer an Account.
  3. Follow the instructions on the screen to finish transferring the account.
When you transfer an investment to a different account in Money 99 or earlier, you can track the correct ownership history, or you can track the correct investment history for tax purposes. To do this, use the appropriate method.

Tracking the Correct Ownership History

To track the correct ownership history:
  1. On the transfer date, sell the investment in the old account.
  2. In the new account, buy the investment for the same price.
Note This process transfers the investment to the new account, with no gain or loss. The disadvantage of this method is that the capital gains report will now be incorrect with respect to long-term and short-term gains. Money will treat the investment as if the original buy of that investment occurred with the date and price of the transfer date.

Tracking the Correct Investment History

To track the correct investment history, use the appropriate method for your version of Money.

Money 99

  1. Go to the Account Register for the investment account that contains the investment that you want to transfer.
  2. Enter a temporary Buy transaction for the investment that you want to transfer for a quantity of shares larger than all combined future Sell transactions. If you don't know what that quantity might be, enter a very large quantity. The date for the temporary transaction should be before the date of the first Buy transaction for this investment.

    Note This is only a temporary transaction that allows you to move subsequent transactions without causing a negative balance for the investment.
  3. On the Tools menu, click Find and Replace.
  4. In the Search Across list, click Investment Accounts.
  5. Click Advanced Search, and then click Next.
  6. Click Reset Criteria to clear parameters from any previous searches.
  7. On the Account tab, click Clear All, and then click to select the check box for the investment account from which you want to transfer an investment.
  8. On the Investment tab, click Clear All, and then click to select the check box for the investment that you want to transfer.
  9. Click Next.
  10. Right-click the first transaction after the temporary Buy transaction that you created in step 2, and then click Move To Account.

    Note If you receive a message stating that this transaction has been reconciled, click OK.
  11. Click the account where you want to move this investment, and then click OK.
  12. Repeat steps 10 through 11 to move each transaction (except for the initial temporary Buy transaction) in the old investment account into the new investment account.
  13. Delete the temporary Buy transaction that you entered in step 2.

Money 97 and Money 98

  1. Go to the Account Register for the investment account that contains the investment that you want to transfer.
  2. Enter a temporary Buy transaction for the investment that you want to transfer for a quantity of shares larger than all combined future Sell transactions. If you do not know what that quantity may be, enter a very large quantity. The date for the temporary transaction should be before the date of the first Buy transaction for this investment.

    Note This is only a temporary transaction that allows you to move subsequent transactions without causing a negative balance for the investment.
  3. On the Tools menu, point to Find, and then click Investment Transactions.
  4. Click New Search, and then click OK.
  5. On the Account tab (Money 98 or Money 5.0) or on the Investment Account tab (Money 4.0), click Selected Accounts.
  6. Click the investment account from which you want to transfer an investment.
  7. Click the Details tab.
  8. In the Investment box, click the investment that you want to move to a different account, and then click Find.
  9. Right-click the first transaction after the temporary Buy transaction that you created in step 2, and then click Move To Account (Money 98 or Money 5.0) or Move To (Money 4.0).

    Note If Money warns you that this transaction has been reconciled, click OK.
  10. Click the account where you want to move this investment, and then click OK.
  11. Repeat steps 9 through 10 to move each transaction (except for the initial temporary Buy transaction) in the old investment account into the new investment account.
  12. Delete the temporary Buy transaction that you entered in step 2.
Modification Type:MajorLast Reviewed:1/5/2005
Keywords:kbhowto kbMoneyInvest KB128135
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