Transfer holdings to different broker w/o paying capital gains?
Transfer holdings to different broker w/o paying capital gains?
Loading saved threads...
minou · External communityPost link
External question — Personal Finance Stack Exchange
Author: minou
Original post: https://money.stackexchange.com/questions/151352
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Suppose you own a bunch of stocks/ETFs with a broker (e.g, Fidelity) and you want to switch to another broker (e.g., Vanguard).
You can certainly sell the stocks/ETFs, move the cash to Vanguard, and then rebuy the same stocks/ETFs, but you would incur capital gains tax.
It is possible to move the stocks/ETFs to a different broker without selling them to avoid capital gains tax?
Quote
Report
littleadv · External communityPost link
External answer — Personal Finance Stack Exchange
Author: littleadv
Original post: https://money.stackexchange.com/a/151356
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Yes, it is possible. Brokerages should allow moving in assets from other accounts and have specific forms for that. In this case you don't need to liquidate and repurchase, your portfolio will move as is into the new brokerage. You initiate it through the receiving brokerage.
Here's the link
to the Vanguard's page on this.
Quote
Report
Post Reply
Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: minou Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/151352 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Suppose you own a bunch of stocks/ETFs with a broker (e.g, Fidelity) and you want to switch to another broker (e.g., Vanguard). You can certainly sell the stocks/ETFs, move the cash to Vanguard, and then rebuy the same stocks/ETFs, but you would incur capital gains tax. It is possible to move the stocks/ETFs to a different broker without selling them to avoid capital gains tax?
Checking account access…