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I transferred my stock holding from one brokerage firm to…

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I transferred my stock...

I transferred my stock holding from one brokerage firm to another without any sale of the stock holdings. Does this action constitute a sale and do I owe capital gains taxes?

Accountant's Assistant: The expert will know how to help. Please tell me more, so we can help you best.

I moved brokerage firms. Went from Chase Bank to Fidelity. Did this transfer constitute a sale?

Accountant's Assistant: Is there anything else the expert should be aware of?

The IRS has sent me a tax bill as though I sold but I did not

Submitted: 8 months ago.Category: Tax
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Answered in 1 minute by:
7/30/2017
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 8 months ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,406
Experience: Certified Public Accountant
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Hi, my name is Mark. I will be happy to help you with your questions. If you transferred the holdings from one account to another account this would not be considered a sale. Was this an IRA account?

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 8 months ago

Are there stock sales that the IRS is adding as an adjustment?

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