1

Transactions / correction of 401(k) over-witholding

« on: November 05, 2017, 10:10:10 AM »

My 401(k) provider exceeded the cap on my annual contributions.  To correct this, they issued a �negative adjustment� for the amount of the overage.  However, the number of shares removed is at a share price that is different than the price at which the shares were originally purchased.  Therefore, I cannot just modify the original transaction for a purchase of fewer shares, because it will result in a different number of total shares than what is actually in the account, producing a tracking error.  I think that a separate, additional transaction is needed, similar to a sale, but non-taxable.  A Return of Capital does not seem to adjust the share count.

Is this the right approach?  If so, what type of transaction can I use to deduct shares from the account at a specified price, like a sale but non-taxable?

2

Transactions / Re: IRA rollover into 401(k)

« on: August 10, 2017, 06:43:02 AM »

I figured it out... after transferring the security between portfolios, then you can do a Tender/Exchange of "security A" for "security B" in the new portfolio.  No gain/loss recognized.  It works swimmingly!

  kevin

3

Transactions / Re: IRA rollover into 401(k)

« on: August 09, 2017, 08:53:49 PM »

Matt,

This was a good suggestion, and I wish to share the outcome for the benefit of future readers.  This action did transfer the security from the IRA portfolio to the 401(k) portfolio, as advertised.  But what occurred in the real-life rollover transaction is that "security A" held in the IRA was sold, with the proceeds used to purchase "security B" in the 401(k).  The transfer of value from "security A" to "security B", in addition to transferring from one portfolio to another (without realizing a gain or loss), is what I am trying to capture within IAM - not simply moving "security A" from one portfolio to another. 

Many thanks,

  kevin

4

Transactions / IRA rollover into 401(k)

« on: August 08, 2017, 10:02:20 PM »

I use IAM to track, among other investments, my 401(k) and traditional IRA as separate portfolios.  I recently decided to rollover the IRA holdings into the 401(k). 

What is the best way to account for this tax-deferred rollover in IAM?  I could simply enter a "sell" transaction in the IRA portfolio and a "purchase" transaction in the 401(k) portfolio, but this would recognize the gain as "realized" for the year (i.e. no recognition of tax-deferred status).  I considered a Tender/Exchange, but it seems you can only do this within the same portfolio but not between separate portfolios.

Thanks,

  kevin