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dalegearhart
New Member

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?

 
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PatriciaV
Expert Alumni

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?

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.

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PatriciaV
Expert Alumni

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?

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.

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