Will I have to pay any fee or any tax when transferring money from stocks to mutual funds?
yes., yes
not transfer money stock mutual funds, - must liquidate (sell) stock , buy mutual fund.
in united states brokerage firms charge commission (fee) when sell stock.
can move money proceeds of sale of stock mutual fund. considered purchase of mutual fund, , not transfer, therefore subject purchase commission (fee) depending upon fund buy.
when sell stock, profit or loss incur must included in tax reporting,
i had money in stocks year, getting hammered losses transferring money money market. there fees or taxes? helppppp!
Business & Finance Investing Next
Comments
Post a Comment