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Do I declare investments as income because I transferred them to a different broker?

I just wanted to consolidate my husband's accounts at Ameriprise with my accounts at Edward Jones.  Nothing was sold for cash.

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MinhT
Expert Alumni

Do I declare investments as income because I transferred them to a different broker?

No, the transfer of your investments to another account is not a taxable event and is not reported on your tax return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MinhT
Expert Alumni

Do I declare investments as income because I transferred them to a different broker?

No, the transfer of your investments to another account is not a taxable event and is not reported on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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