What is the difference between purchase and transfer in?

[boblee0918]

The money can be purchased or transferred in, and sold or transferred out. What is the difference?

[Mark]

Hi boblee0918,

A transfer in allows you to have a different cost basis date/value for the transferred in shares. If you are just purchasing cash, I'd suggest just using a purchase, as it is simpler, and separating the cost basis from the transfer information is not necessary in the cash of adding cash.