Hello! In advance, I welcome any suggestions about where to post this, if here isn't correct. Anyway:
I made a poor investment several years ago, and the price of the stock has since risen in a way that I don't believe will continue. I'd like to get out now while my losses are minimized, but I transferred this stock to a different account after the initial drop. I am concerned that the IRS will think that the price at the point of transfer is what counts, and since it is now higher than that I would have to pay tax. Is this a real issue? Are there things I could/should do to get around it if it is? Thank you for helping a novice.
Submitted June 01, 2023 at 02:23AM by baddabingbaddaboop https://ift.tt/9SJ43i8
