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transfer taxable $$ without incurring taxes?
Old 10-02-2007, 08:40 PM   #1
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transfer taxable $$ without incurring taxes?

We have $$ in 3 firms. TRowe has deferred $$, Fido has taxable, Roth, and rollover mutual funds, and individual stocks in Schwab brokerage account. I would like to move the Schwab stocks to Fido to simplify, consolidate, and make moving $$ between stocks and funds easier. Can I move/transfer custody of my stock ownership from Schwab to Fido -without having to sell - take a tax hit - and repurchase?
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Old 10-02-2007, 08:45 PM   #2
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Absolutely. Just make sure you specify that they are to transfer the existing positions rather than sell and transfer funds.
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Old 10-02-2007, 09:12 PM   #3
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It's an "in-kind" transfer. You may have to pay a transfer fee to Schwab, but many brokerages waive the fee if you have enough assets with them.
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Old 10-03-2007, 07:57 AM   #4
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Thanks! This is good to know. I had only heard of this for deferred funds.
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