Exchange one fund for another

#5 02-22-2007, 11:14 PM

Unless Class B shares are "exchanged" for Class A shares.

--
Michael Gordon

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:eXtWh4hVHHA.1200[at]TK2MSFTNGP04.phx.gbl...
- quote -

> Most fund "exchanges" have tax implications just like a Sell and Buy, no?
> "Steve" <steve[at]tx.rr.com> wrote in message
> news:Xns98DEAB19C46D1184365720018436572[at]207.46.248.16...
> > Think about "Remove Shares" and "Add Shares". I _think_ using a sell and
> > buy has tax implications. A more-experienced person will surely correct
> > me
> > if I'm wrong....

#4 02-22-2007, 06:37 PM

Thanks to all for your suggestions. It was not a fund that disolved into
another, I simply exchanged one (not so good) fund for one that (I hope) will
do better, so I suppose there will be tax consequences (of course!!). I
don't want to delete the old fund b/c I need to remember what I did down the
line. I'll try a sell and buy I guess. thanks again.

"Kevin" wrote:

- quote -

> ktait,
> Most of the fund exchanges that I've experienced were "tax free"
> exchanges. They were executed by the fund family...one fund
> disolved into another or something to that effect.
> The exchanges "I" executed of course were taxable buys and sells.
> If the exchanges were executed by the fund family, DO NOT delete
> the "old" mutual fund transactions as you will need them to calculate
> your cost basis when the time comes to sell the "new" shares.
> Hope this helps some.
> -Kevin
> "ktait" <ktait[at]discussions.microsoft.com> wrote in message
> news:53A086CE-D298-40CA-9BC3-52913DC5DE77[at]microsoft.com...
> > I just exchanged one mutual fund for another fund in my and cannot for the
> > life of me figure out how to make this exchange in Money 2007. There
> > doesn't
> > seem to be a way to exchange one fund for another - do I have to "sell"
> > and
> > then "buy" or do a transfer? Add the new fund and then delete the old
> > one?
> > thanks for any assistance.

#3 02-22-2007, 04:40 PM

ktait,

Most of the fund exchanges that I've experienced were "tax free"
exchanges. They were executed by the fund family...one fund
disolved into another or something to that effect.

The exchanges "I" executed of course were taxable buys and sells.

If the exchanges were executed by the fund family, DO NOT delete
the "old" mutual fund transactions as you will need them to calculate
your cost basis when the time comes to sell the "new" shares.

Hope this helps some.

-Kevin

"ktait" <ktait[at]discussions.microsoft.com> wrote in message
news:53A086CE-D298-40CA-9BC3-52913DC5DE77[at]microsoft.com...
- quote -

> I just exchanged one mutual fund for another fund in my and cannot for the
> life of me figure out how to make this exchange in Money 2007. There
> doesn't
> seem to be a way to exchange one fund for another - do I have to "sell"
> and
> then "buy" or do a transfer? Add the new fund and then delete the old
> one?
> thanks for any assistance.

#2 02-22-2007, 12:09 AM

Most fund "exchanges" have tax implications just like a Sell and Buy, no?

"Steve" <steve[at]tx.rr.com> wrote in message
news:Xns98DEAB19C46D1184365720018436572[at]207.46.248.16...
- quote -

> Think about "Remove Shares" and "Add Shares". I _think_ using a sell and
> buy has tax implications. A more-experienced person will surely correct me
> if I'm wrong....

#1 02-21-2007, 09:49 PM

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
news:Oe$fVigVHHA.2212[at]TK2MSFTNGP02.phx.gbl:

- quote -

> That seems the best way when I've done this.
> "ktait" <ktait[at]discussions.microsoft.com> wrote in message
> news:53A086CE-D298-40CA-9BC3-52913DC5DE77[at]microsoft.com...
> > do I have to "sell" and
> > then "buy"

Think about "Remove Shares" and "Add Shares". I _think_ using a sell and
buy has tax implications. A more-experienced person will surely correct me
if I'm wrong....

02-21-2007, 09:35 PM

That seems the best way when I've done this.

"ktait" <ktait[at]discussions.microsoft.com> wrote in message
news:53A086CE-D298-40CA-9BC3-52913DC5DE77[at]microsoft.com...
- quote -

> do I have to "sell" and
> then "buy"

#-1 02-21-2007, 09:15 PM

I just exchanged one mutual fund for another fund in my and cannot for the
life of me figure out how to make this exchange in Money 2007. There doesn't
seem to be a way to exchange one fund for another - do I have to "sell" and
then "buy" or do a transfer? Add the new fund and then delete the old one?
thanks for any assistance.

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