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June 6, 2019
Question

Do I get a new cost basic when stocks are used to satisfy RMD requirement of IRA?

  • June 6, 2019
  • 1 reply
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After moving stocks to a regular investment account to satisfy RMD, I sold the stocks.  Is my cost basic the value when I bought the stock in the IRA or is the cost basic the value on the day I moved it to the regular investment account?

1 reply

Employee
June 6, 2019

The cost basis of securities transferred out of a retirement plan is their value on the date of the transfer.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.