Cal,
After thinking about this a little more, I decided that your original
suggestion of the rename and split really did make the most sense. This is
unquestionably how it would have been done if the change were mandatory, so
why not even though it is optional. I only had 20 transactions in the IRA
account (that was keeping the standard shares), so I created a temporary new
investment and manually moved the IRA transactions to that new investment.
I then did the rename to the Institutional fund, changed the symbol and did
the split as you suggested. Finally, I recreated the standard share fund
and symbol and manually moved back the 20 transactions that I had put in the
temporary investment. (In writing this, I realize that I could have simply
just renamed that temporary investment to the standard share name and added
the symbol. Oh the power of hindsight!)

So thank you so much for your help. I apologize for all of the confusing
detours.
--
Peace,
BobJ

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:4d7l62hebel12g9jn4g0kt5ufq6p20gi52[at]4ax.com...
- quote -

In microsoft.public.money, Marilyn & Bob wrote:

- quote -

Maybe I will understand later.

Cal,
I started to follow your workaround suggestion, but, in the end, I found it
unsatisfactory for my view of the world. These are two different funds (the
institutional and standard) and doing the split treats all of the old
standard share transactions as if they were done as if they were
institutional shares, something that I did not find acceptable. I finally
decided just to record the original basis as of the date of the tax free
exchange and then do a standard buy (but not a sell) on that date. This
allowed me to keep all of the original transactions in the standard shares
(going back to 1994). I then created a new account called "Old Investments"
and individually transferred every (non-IRA) transaction in the standard
fund to this account. (I temporarily renamed the account to AAAOld
Investments to save one click in the transfer process.) I recorded the
original basis and sales price as of the exchange date in the comments.

The biggest problem with this approach is that the price of the fund in the
"Old Investments" account will continue to update as opposed to remaining
the price on the exchange date. I don't have any idea how I can separate
this fund that is currently active in my IRA account from the one that is
now longer active in the Old Investments account so that one will update and
one can be frozen at the price on the day of the exchange. If you
understand what I have just said, do you know a solution to this?
--
Peace,
BobJ


I think that this will give me the most information that is possible given
Money's capacity and my view of the world
"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:d0hi6217k1hqhlk2jq9e4tjg6esdqicfd7[at]4ax.com...
- quote -

In microsoft.public.money, Marilyn & Bob wrote:

- quote -


I think that would work. However changing the transactions in the
IRA to the "new" security with the drop-down list might be as easy
or easier-- depending on whether you are talking 40 or 400
transactions.

Cal,
I have been thinking about your workaround, and had an idea about a possible
twist. Would it be possible to export my IRA share information to a QIF
file, then zero out the IRA account standard shares via a sell or remove
shares transaction as you recommended; then do the rename and the split to
convert to the institutional shares in the taxable account. And finally
reimport the standard share transactions from the QIF back into the IRA?
Would this work to preserve the most history? I'd obviously make sure I had
the appropriate backups if this failed.
--
Peace,
BobJ


"Marilyn & Bob" <privacy[at]nospam.please> wrote in message
news:Oelmv1vdGHA.1264[at]TK2MSFTNGP05.phx.gbl...
- quote -

Thank you so much for your "messy" solution. I will implement it within the
next few days. It is really annoying that Money does not have a more
elegant approach to making this exchange. Like a lot of people, I would
have liked to know the actual capital gain from the investment in my IRA
although it is irrelevant for tax purposes, but your clever workaround
solution will at least give me the tax relevant information.
--
Peace,
BobJ

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:l1oa62paakj8h23gf543l2ifmvtpf62gpq[at]4ax.com...
- quote -

In microsoft.public.money, Cal Learner-- MVP wrote:

- quote -

Ooooh. That complicates things. One possibility is to do a Sell of
the regular shares in the IRA. Then do what I suggested below. Then
do a Buy of a new security regular shares in the IRA. Since the IRA
shares are in a tax-deferred account, the buy and sell will not
affect your taxes.

Messy, yes. But other ideas seem messier.


- quote -

In microsoft.public.money, Marilyn & Bob wrote:

- quote -

Rename the shares. Change the symbol if the new shares have a
symbol. Otherwise blank the symbol.

Split the shares 59241 shares for every 59218 shares

As a Merger?
(my best guess)

arthur
==
On Fri, 12 May 2006 20:57:08 -0400, "Marilyn & Bob"
<privacy[at]nospam.please> wrote:

- quote -

I have a socially responsible mutual fund (Parnassus Equity) that has
allowed me to exchange my regular shares to those in an institutional fund
in a transaction with no tax consequences. The share ratio is
1.0003883956:1.0000000. The symbol is different for the two funds. (Note
that I still have the old fund in my IRA account, as I don't have enough
shares to qualify for the institutional fund in that account). How do I
handle this transaction to allow for keeping my original basis (a Sell/buy
exchange would change the basis.)
--
Peace,
BobJ