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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1 Best answer
PatriciaV
Expert Alumni
Jun 6, 2019 8:02:06 AM
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.
1 Replies
PatriciaV
Expert Alumni
Jun 6, 2019 8:02:06 AM
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.