Do I get a new cost basic when stocks are used to satisfy RMD requirement of IRA?

After moving stocks to a regular investment account to satisfy RMD, I sold the stocks. Is my cost basic the value when I bought the stock in the IRA or is the cost basic the value on the day I moved it to the regular investment account?

posted

Connect with an expert

1 Reply

Do I get a new cost basic when stocks are used to satisfy RMD requirement of IRA?

The cost basis of securities transferred out of a retirement plan is their value on the date of the transfer.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post