Transferring shares from IRA to Non-IRA -- value?

[mecrews]

Hello,

*Edit: I put this in this forum because the issue shows up on my Executive Summary report

I moved shares of Kinder Morgan (KMI) from an IRA account to a non-IRA account.

However -- I kept getting the OOP Cost Basis as the withdrawal???

I expect/want the withdrawal amount to be the market value as this is what will be reported for income.

As always -- I'm sure I missed the obvious (hopefully)!

Thanks,

Matthew

[Mark]

Hi Matthew,

Did you transfer the shares by using "Transfer" transactions? If so, you can control how OOP Calculations are performed for transferred shares under "Options / General Preferences... / Other / Transfer Transaction OOP Calculations Use:". I believe you want this set to "Market Value" instead of "Original OOP".

[mecrews]

Mark,

I'm sure that will take care of it -- I knew there had to be a configuration choice -- I just didn't know where to look. If there is reference to this in the documentation -- I couldn't find it. I believe FM does much more than would appear on first glance!

Thanks again as always,

Matthew

[Mark]

Hi Matthew,

This is described in the online help for the dialog where you can adjust it:

https://www.fundmanagersoftware.com/hel ... other.html

but it isn't linked from the online help for the Executive Summary report. I can definitely understand it being hard to find if you're not aware of it... Maybe a link in that report's help page would help.

[mecrews]

Mark,

Thanks for the link and the help. I'm not sure I would have ever found that information based on the link progression listed below -- fwiw.

Online Help ->
About Investments ->
Investment Properties Dialog ->
General Data Options ->
See Also: General Preferences -- Other Dialog

Matthew

[Mark]

Hi Matthew,

We have updated the online help to better link to this topic for future releases. It will be discussed/linked from the "Out Of Pocket Definition" page as well.

[mecrews]

Mark,

Thanks! Hopefully that will be helpful to others as well.


Matthew