Originally Posted by Amethyst
I think you are saying that in such a scenario, Fidelity would have tracked all our transactions (except the taxes paid on the dividends, which I can track back at least 3/4 of the time we've owned those funds).
In fact, I can see on Fidelity's web site that they have calculated our current on-paper gains since purchase.
What I am not quite following, is how we can transfer the cash to VG without tax consequences. I have done this with IRAs - are you saying VG can facilitate the same kind of transfer with taxable accounts, wherein Mr. A. and I never "touch" the cash during the transaction?
Two things: no, your idea of how to transfer the funds will not work. If you wind up with any cash or fund shares other than the exact same shares that you now own, you will owe taxes. And the second thing is that the taxes you have paid all along do not have to be calculated; they have nothing to do with anything after the year in which you pay them.
You haven't yet said what you hope to gain from this transaction. IT appears to me that the sensible thing to do, if you cannot just transfer the exact same Fidelity Fund to Vanguard, is to leave it at Fidelity. It doesn't cost you anything to leave it there.
You haven't really said what your goal is. If it is to save money on fund operating expenses, the only way you can accomplish that is to take your gain and pay your tax- which will only make sense if you have de minimus gains and/or a huge difference in the expenses of the current fund and the one you plan on holding at Vanguard.
Don't rush unless you understand every aspect of this.