I would like to understand how Accointing handles the case where Multi Depot is used and coins are transferred between accounts.
Say I have two accounts, Account A and Account B. I buy (fictional) XCOIN in both of these accounts. Then I transfer some XCOIN from Account A to Account B. And then I sell some XCOIN from Account B.
A few questions:
- When a coin is transferred, does its basis get transferred also? (I assume so.)
- More specifically, if FIFO is being used and XCOIN is transferred from Account A to Account B, will the “first in” basis of that XCOIN in Account A be transferred to Account B?
- And when the basis of that XCOIN is transferred from Account A to Account B, what date is used in Account B for subsequent FIFO or LIFO determinations (when XCOIN is sold)? Is it the original purchase date of the XCOIN in Account A, or is it the date of the transfer from Account A to Account B?
I’d really appreciate your help in understanding how this is handled. Thank you!