Trying to transfer my brokerage account from Wells Fargo to Navy Federal so all my money is in one place
Navy Federal just started offering brokerage accounts very recently and don’t have ACAT set up yet.
Is there any way I can transfer the funds by selling and doing a cash transfer without having to pay a bunch of capital gains tax? If I sell and buy similar right away at Navy Federal would I owe nothing? I don’t know how it works come tax time. Account is around $50k value
Thanks in advance for any advice
Submitted March 10, 2024 at 11:54PM by cptbink https://ift.tt/CFGJYmj
