Multiple Tax Lots?

[jbaron]

Hi Mark,

I have a position in a mutual fund that was transferred from one class of shares to a second class of shares. Fidelity reported this as two transactions, one "into" and one "out of."

The problem that I am having is that within the old class of shares, I had two tax lots at two different costs. When the "into" transaction shows up (via a download from Fidelity), all of the shares show up in the one transaction, and as a result, I am only able to enter one cost basis.

Is there a way to accept the one transaction, but then to split the shares into two different tax lots?

Thanks,

Jeff

[Mark]

Hi Jeff,

No. You would want to record this as one Transfer Out, and 2 Transfer In transactions. This way you can record the cost basis information separately. You may want to just delete both of the retrieved transactions, and then use Fund Manager's "Transfer Between" wizard. It will record the Transfer Out, and as many Transfer Ins as needed to transfer over all the cost basis information correctly. When you retrieve again, just make sure to set the starting date after these transfers, so you don't get the ones from Fidelity again.