RMD with stock transfer

cole2408

I move shares of common stock from my IRA to my regular account at the current price to complete my annual RMD. The stock is not sold but is now acquires the basis of the price on the day of transfer instead of the basis it had in the IRA. How do I account for this other than by recording it as a sale then transfer cash from IRA to regular then purchase in the regular account at the same price?

jacobs

Is this different in any way than a sale in your IRA account, transfer to your non-retirement brokerage account, and purchase in the brokerage account? (That's the way I typically enter such an event: a Sell, a Transfer, and a Buy.)

volvogirl

Your basis would be the RMD transfer amount not the original IRA basis. There might be a wrinkle if you had a non deductible basis in the IRA.