topic I transferred my son's UTMA mutual fund. The old broker said there would be no 1099-B sent because the account was transferred to another UTMA account. Is this correct? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-transferred-my-son-s-utma-mutual-fund-the-old-broker-said-there-would-be-no-1099-b-sent-because/01/726007#M69559 <P>Do i not have to claim the profit and basis per share when transfering his UTMA?&nbsp; Or do i wait until he actually pulls out the funds?</P> Thu, 06 Jun 2019 15:36:11 GMT cjg96707 2019-06-06T15:36:11Z I transferred my son's UTMA mutual fund. The old broker said there would be no 1099-B sent because the account was transferred to another UTMA account. Is this correct? https://ttlc.intuit.com/community/retirement/discussion/i-transferred-my-son-s-utma-mutual-fund-the-old-broker-said-there-would-be-no-1099-b-sent-because/01/726007#M69559 <P>Do i not have to claim the profit and basis per share when transfering his UTMA?&nbsp; Or do i wait until he actually pulls out the funds?</P> Thu, 06 Jun 2019 15:36:11 GMT https://ttlc.intuit.com/community/retirement/discussion/i-transferred-my-son-s-utma-mutual-fund-the-old-broker-said-there-would-be-no-1099-b-sent-because/01/726007#M69559 cjg96707 2019-06-06T15:36:11Z Yes, if no funds were withdrawn (full reinvestment) you d... https://ttlc.intuit.com/community/retirement/discussion/yes-if-no-funds-were-withdrawn-full-reinvestment-you-d/01/726014#M69561 <P>Yes, if no funds were withdrawn (full reinvestment) you do not have to report the income- be sure however, to keep the paperwork that shows the swap so you have the correct basis. (In this case, you need to know the number of shares and values)<BR /></P> Thu, 06 Jun 2019 15:36:12 GMT https://ttlc.intuit.com/community/retirement/discussion/yes-if-no-funds-were-withdrawn-full-reinvestment-you-d/01/726014#M69561 MaryK1 2019-06-06T15:36:12Z