BellSouth to AT&T Stock

SC,

Before the acquisition I owned ATT and BLS and had both setup separately in Q06 Deluxe.. I also did the "Corporate acquisition (stock for stock)" without any issues and it created all the correct transactions. However, it created them all in the BLS account. I how have two accounts that both hold ATT stock. The one that I originally had and the old BLS account that now only contains ATT shares. What is the best way to move the shares in the BLS account to the ATT account (merge them together)? "Shares transferred between Accounts"?

Thanks, A

Stephen Ciff> I just made the same conversion and it worked out perfectly. It retained my

Al,

It depends on what kind of account you have the shares in....I'm sure there are people from Intuit on here that can advise you better than I can.

My BLS shares were in a brokerage account that had other stocks as well, so they stayed in that account after the conversion. It sounds to me like you have your stocks in separate accounts by stock, not by brokerage company. However, I think its pretty easy to merge 2 accounts. If not, you may have to create a new investment account and move all your shares there. (On the other hand, it might be better to keep your ATT shares separate for ease of keeping track of your cost basis for capital gains when you sell.)

Steve

Thanks Steve,

You are right. They are not > Al,

messagenews: snipped-for-privacy@m58g2000cwm.googlegroups.com...

Al, You can just transfer the shares; Quicken keeps track of things by lot assuming you have set up your security as stock (i.e. not a single mutual fund using average costs) so I don't see why it would be a problem. To be sure, I suggest you make a backup copy first and then do the transfer of that one security. Check it out by looking at portfolio view to see if the lots look right, etc. At that point, however, bear in mind that you will then be out of synch with your FI. That is you won't be able to use automatic updates unless you also have the FI do the transfer as well. [Have no idea what the tax implications are of the "different holdings"...just trying to help with the Q stuff!]

Bob L.

• Al wrote:

messagenews: snipped-for-privacy@m58g2000cwm.googlegroups.com...

I agree with Bob, if you want to consolidate your AT&T stock in Quicken, first do it in reality choosing one brokerage to keep them in and transferring the other shares to it. Then do it in Quicken.

Good idea to check with your accountant first, but I think Quicken will keep track of your cost basis either way.

Steve C.

messagenews: snipped-for-privacy@m58g2000cwm.googlegroups.com...