Thanks for the clarification between the two terms. I learned something. When I enter the amount in 2a my taxes go up accordingly as if I had sold the mutual fund and this distribution occurred on the same day as the transfer from what I can determine.
But there is no way I had tens of thousands of dollars distributed internally within TRowePrice other than to record the transfer to the outgoing broker as a distribution. The cost basis of the mutual fund transferred to the receiving broker which means I would have to pay capital gains tax twice if I actually sold the mutual fund. How can this be?
The transfer was not supposed to have generated any tax consequence.
This transfer happened mid-December.
