Non taxable exchange of mutual funds


F

Fred Kennedy

What is the preferred manner of making and accounting for the non taxable
exchange of mutual funds in ms money?
 
Ad

Advertisements

C

Cal Learner-- MVP

In said:
What is the preferred manner of making and accounting for the non taxable
exchange of mutual funds in ms money?
Handling a Mutual Fund Reorg or conversion from B to A shares.


If your mutual fund is involved in a tax-free reorganization, your
"B" shares are being converted to [fewer generally] "A" shares, or
a merger where you don't originally hold both funds:

1. Do an appropriate split of the fund. You will need to input
the split ratio a ratio of integers (1 ... 65535). Post the ratio
you want to achieve.

2. In the investment details, change the symbol.

3. Change the investment name.

4. Add a brief comment to the investment to explain the change.

This does not handle the case where only part of your shares are
converting. (You got sold again, did you? Think no-load next
time.)
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top