FAQ: How to do an IRA distribution as a transfer of stock
The brokerage is transferring the stock from the IRA to a taxable account without taking any taxes out (I'll cover them by getting a smaller return next year). I understand that the transferred stock in the taxable account will get a new basis of the current market price.
So it seems that rather than using the "Shared transferred between accounts" transaction, I will need to do just remove shares in the IRA and add shares in the taxable account with an appropriate total cost.
What bothers me about this scenario is that the acquisition dates of all the shares will be the same versus the many different transactions that a transfer of shares would yield.
Is this the correct way to do this or is there a better way?
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