Do in-kind security transfers from a US broker to another US broker keep track of the cost bases and holding periods?
Do in-kind security transfers from a US broker to another US broker keep track of the cost bases and holding periods?
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Franck Dernoncourt · External communityPost link
External question — Personal Finance Stack Exchange
Author: Franck Dernoncourt
Original post: https://money.stackexchange.com/questions/153204
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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If the specific US brokers matter, securities would move from Fidelity to Charles Schwab.
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littleadv · External communityPost link
External answer — Personal Finance Stack Exchange
Author: littleadv
Original post: https://money.stackexchange.com/a/153206
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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It is technically possible through the
DTCC's CBRS
or manually. Whether your brokerages support that - you'll have to ask them. Most major brokerages should be able to support the automated reporting (especially if they already use the
ACATS
for the account transfer itself).
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: littleadv Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/a/153206 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. It is technically possible through the DTCC's CBRS or manually. Whether your brokerages support that - you'll have to ask them. Most major brokerages should be able to support the automated reporting (especially if they already use the ACATS for the account transfer itself).
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