I tried the drag and drop method but did not really like what happened.
So to transfer between brokerage accounts, I use move shares.
I can determine the cost basis by doing a portfolio value report, and seeing the cost basis for the total number of shares I own.
Then, I use that cost basis to determine the resulting price per share, and enter that number. It usually is not the same as the price of the stock currently, but it does keep the cost basis correctly.
This way, I still have the past history, and the new account with the new brokerage firm continues. After all, they get the stock in a lump sum and do not have the past history of it anyway.

This is the way I had to do it in older versions of Quicken before they had the drag and drop, so I just keep doing it that way.

I also had to move everything to the new company when my broker went from one company to another. It's not a perfect method,but I just changed the name of the portfolio account. it was so much simpler than moving all those shares and having to redo the basis.

///Polly

You CAN use Move Shares to keep the accounts date-accurate and separate.

What you MUST do is trace the lots the shares belong to and trace the basis throughout it's life.

(i am auditing Quicken right now by exporting all transactions for a particular
stock to an Excel via the export report and am tracing the lots and lots w/fractional shares to get the basis answer)

Once you have the basis, just plug this into the share price of the Move Shares In. This will set basis. Example: say you bought 100 shares Apple @ 20 in 1980. The stock split 2:1 three times and you sold 200 shares.

The Basis would be 2000 for 100 shares X 2 X 2 X 2 = 800 shares; $2.5/share. You sold 200; the basis on the 200 = $500; the basis left $1500 on 600 shares.

There's some pages around explaining this; also refer to the pdf manual's investment table; it tells what kind of commands affect basis (buy, sell, move share in/out, and stock split for determining percent of lot to capture basis from; there may be others)


Foob