I'd love the wisdom of the group with a topic that has always confused me. This is related to my taxable brokerage accounts (not tax sheltered in a 401k/IRA/etc).
1) If I move an account from Brokerage #1 to Brokerage #2, will capital gains be due, even if the money is reinvested in substantially similar funds? I think the answer is yes, but I'm not sure.
2) My husband an I currently contribute to a taxable investment account that is only in his name. We think of this account as joint, but it's not. We live in a Community Property state (California). We make similar incomes and 85% of the funds (and growing) in the account were invested post-marriage. Should I be concerned about this money being considered "his" in case of a divorce or similar? I don't think there is a legal problem here, but maybe I'm not thinking it through. Would be interested if others see a risk that I do not.
3) Related to #2, if we were to want to convert a taxable account that is only in my husbands name to a joint account, would capital gains be due? I think the answer is yes, but I'm not sure.
Submitted January 02, 2018 at 01:04PM by cb3g http://ift.tt/2A64j2O
