Transfer in Kind from an IRA | Ed Slott and Company, LLC

Transfer in Kind from an IRA

When I transfer in kind some mutual fund shares from my IRA account to my personal brokerage account (within the same brokerage house), what's the start of the 1-year clock for a long-term gain or loss? Is it the date of the transfer, or the date the shares were first purchased within the IRA account? Thank you.

It is the date of the distribution from the IRA. The time you owned the security in the IRA is disregarded. In addition, your cost basis is the value per share when distributed from the IRA, not the amount you paid for it when purchased in the IRA.

 

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