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Stock Portfolio Transfer

Posted: Mon Sep 22, 2014 5:26 pm
by brentbond
We will be receiving a contribution from an individual in the form of a portfolio of stocks being transferred into our name (value $80K). How do I get this amount "into" PC+ initially since it wont be "going through" our checking or savings account? It would be just a transfer of names of ownership.

Thanks for the help.

Re: Stock Portfolio Transfer

Posted: Mon Sep 22, 2014 11:12 pm
by JohnDMeyers
DB 01-1280-000 Stock Portfolio
CR 01-4290-000 Gifts-in-kind income (non-cash)