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How do tax on stocks work if i transferred brokerages?
My situation: I transferred stock out of Robinhood and into Webull due to a promotion they were doing. If i sell all my stocks on webull, does the IRS already know how much i originally paid for it and what my capital gain is? or will i get taxed on the whole amount? (For example, if i buy 1 apple for $80 on robinhood, transfer stock to different brokerage, webull. When I sell that stock for $100, will i get taxed for $20 or $100 profit. )
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‎April 9, 2021
3:10 PM