transaction history |Form 8949 Capital Gain & Wash Sales calculator software

How to transfer stocks between accounts


Q:

I am unclear how to transfer stocks between accounts. My transaction history that I am importing shows a transfer. There is no equivalent mapping to transfer between accounts, and if I use shares removed, it is treated as though I sold the stocks and the value difference shows up in reports.

Is there a way to do a transfer without it showing up as a transaction on tax forms?

 

A:

If you transfer your stock to another account with TradeMax
I suggest you export last day holding positions from A account.
Please do not use “shares removed” function in your case

o How to display your holding positions in a specific date:

  1. Click [USD]My Holdings under the Account List->FY20XX
  2. A  Position Holding Date box will pop up
  3. Select your position holding dateLearn more about: How to select a date
  4. Click OK to display the holding positions
  5. IN Broker tree view select -> [USD]My Holdings
  6. Right Click the mouse in menu select export trade as csv file
then import these holding positions to B account as baseline
Use import baseline function

>how does that remove the shares from the original account?

You can mannual close the transaction at same buy price with negative commission.

for example:open long 100 ABC stock price $5 commission $7, mannual close long  100    ABC stock $5 commission -$7

You will get 0 gain from Abc in A account

>Can you add a baseline when the original acquisition (not the transfer) was during the same tax year as the transfer. The account I am transferring to is not new and had other holdings also.

sure,you can import baseline csv file to existing account FY20XX year view

 

Download Data From E*Trade


E*trade provides you two methods to download your trade records to your computer:

To download tax documents of an entire year:

  1. Log into your E*TRADE account .
  2. Click Accounts tab and then select Account Records.
  3. Select Tax Reports in the Brokerage Account Records section.
  4. Click the Tax Records tab and then left-click Export your 200X trades into Microsoft Excel.
  5. Click the Save button in another pop-up File Download dialog box.
  6. Open your saved file in Excel, and click File then choose Save As.. In its drop-down-list to save the data file as CSV format.
  7. Your downloaded file must be in this format as shown below.
    TradeDate
    Order Type
    Security
    Amount
    Cusip
    Transaction Description
    Quantity
    Executed Price
    Commission
    Net Amount
    3/8/2009
    Buy
    CROX
    -4272
    227046109
    CROCS INC
    1
    0039KSPT
    12.99
    1162.99

    The data in the above table is E*trade 2009 format, and the following table will display the  E*trade 2010 format:

    Transaction Date
    Transaction Ty
    SecurityTy
    Symbol
    Quantity
    Amount
    Quantity
    Price
    Commission
    Description
    12/22/09
    Bought
    EQ
    CIM
    5000
    -19407.49
    38799
    7.99
    0
    CHIMERA INVESTMENT

    If you find the downloaded file format is different from the above two formats, you should set your profile in Profile Wizard.

  8. Run TradeMax , click E*Trade Account in TradeMax to import trade from local file.Note: You should select E*Trade *. csv, *. txt as your profile name during the importing process. As the file data formats vary from year to year, and in the drop-down-list of Profile Name, apart from E*Trade *. csv, *. txt, there is another option, E*Trade 2008 *. csv, *. Txt, for the users to choose, according to their data file in different year. The default is E*Trade *. csv, *. txt.

Download Transaction History within three months to update your trade data(Quicken Format-QFX) Recommend

  1. Log into your E*TRADE account.
  2. Click Trading & Portfolios > Transaction History.
  3. Click the Transactions tab, select your Brokerage account and then click the Search Transactions button
  4. Enter the specific time range.Attention: You may download up to three months’ worth of data from your account.
  5. Select .QFX format in the data format field and click Download.
  6. Choose the Save option.
  7. Run TradeMax and click E*Trade Account in TradeMax to import trade activity data from local file. Note: You should select Open Financial Exchange *.ofx, *.qfx as your profile name during the importing process
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