I transferred stocks from a joint brokerage account with my wife into a partnership account. Do I report the transfer as a cash or property contribution?

dalegearhart · ‎June 6, 2019

PatriciaV · ‎June 6, 2019

If you transferred ownership of the stock to the partnership, the transfer would be considered a contribution of property. But if you sold the stock and transferred cash, then it would be a cash contribution.

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

View solution in original post

PatriciaV · ‎June 6, 2019

If you transferred ownership of the stock to the partnership, the transfer would be considered a contribution of property. But if you sold the stock and transferred cash, then it would be a cash contribution.

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

Expert does your taxes

Do it yourself

Resources

Support

I transferred stocks from a joint brokerage account with my wife into a partnership account. Do I report the transfer as a cash or property contribution?