My brothers & I have a trust for a farm we inherited. Over the years we opened a TD Ameritrade account and put money in it from the farm rent proceeds. This is after tax money.
Now we would like to liquidate the Trust TD Ameritrade account. I have my own TD Ameritrade account.
If we transfer stock from the Trust TD Ameritrade account to our own personal brokerage accounts, is there a tax liability? I know the dividends received under the Trust should be paid by the Trust.
