Telly
Thinks s/he gets paid by the post
- Joined
- Feb 22, 2003
- Messages
- 2,395
One of my spreadsheet pages totals up $ of ours held per fund company.
Someday, I would like to simplify a bit, by moving funds from our far smallest player, TRP, to Vanguard. However, the TRP funds which are a S&P 500 Index and a dividend growth fund, are both in a taxable account. Checking unrealized gains, they are in the area of $17k total.
If we were to sell them and realize that $17k, that would really dig into how much Roth conversion we can do, and stay just within the 15% tax bracket. Right now, I value the continuing Roth conversions more than a fund-location simplification.
Is there any (legal) way to transfer taxable funds or $ between fund companies without incurring a taxable gain?
Another option would be to wait for a major market crash... and have little to no gains to declare then. What a comforting thought!
I'm not in any hurry, but am interested if there are other avenues.
Someday, I would like to simplify a bit, by moving funds from our far smallest player, TRP, to Vanguard. However, the TRP funds which are a S&P 500 Index and a dividend growth fund, are both in a taxable account. Checking unrealized gains, they are in the area of $17k total.
If we were to sell them and realize that $17k, that would really dig into how much Roth conversion we can do, and stay just within the 15% tax bracket. Right now, I value the continuing Roth conversions more than a fund-location simplification.
Is there any (legal) way to transfer taxable funds or $ between fund companies without incurring a taxable gain?
Another option would be to wait for a major market crash... and have little to no gains to declare then. What a comforting thought!
I'm not in any hurry, but am interested if there are other avenues.