Skip to main content
February 23, 2021
Question

If I sold mutual funds from one brokerage account, but then reinvested the entire amount in a different brokerage account, do I still need to report the gains?

  • February 23, 2021
  • 1 reply
  • 0 views
No text available

1 reply

February 23, 2021

Yes, you must report the sale, and the resulting gain or loss.  In oreder to avoid the gain, you would have had to transfer the funds to the new broker.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"