Quote:
Originally Posted by fh2000
My HSA account with old Megacorp is invested in a Vanguard fund and they charge 2 fees total about $11 per month. I recently opened a Fidelity HSA account. I want to transfer old HSA account to Fidelity and I was told that I can only transfer accounts with cash. I will have to sell the fund first in my old HSA account before transferring to Fidelity.
I am in California which taxes HSA account like a cash account. Selling my fund will incur a state capital gain. I am trying to manage my MAGI for ACA subsidy. I think increasing my state income does not affect my overall federal MAGI per ACA subsidy. But I want to ask this question here to make sure there is no impact to federal MAGI.
Thanks
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Does it incur a gain when you change investments to cash, even if you do not transfer? Then transfer?
You do not actually take possession of the money, similar to an IRA rollover.
I transferred my HSA to Fidelity a year or so ago. No 1099, just a simple transfer.
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