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New Member
posted May 31, 2019 10:09:18 PM

What if i transferred my mutual funds to another brokerage firm??

Do I have to show the transfer as a sale?

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1 Best answer
New Member
May 31, 2019 10:09:20 PM

If the mutual funds were transferred in-kind via an ACAT (account transfer) then no reporting is necessary.

If the mutual funds were sold and then repurchased, then yes.  You would receive a 1099-B from the old brokerage that would need to be reported here:

Federal Taxes > Income & Expenses > Investment Income, then click Show More

Select Start next to Stocks, Mutual Funds, Bonds, Other 

1 Replies
New Member
May 31, 2019 10:09:20 PM

If the mutual funds were transferred in-kind via an ACAT (account transfer) then no reporting is necessary.

If the mutual funds were sold and then repurchased, then yes.  You would receive a 1099-B from the old brokerage that would need to be reported here:

Federal Taxes > Income & Expenses > Investment Income, then click Show More

Select Start next to Stocks, Mutual Funds, Bonds, Other