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Transferring funds - taxes
Posted on 5/16/20 at 9:47 am
Posted on 5/16/20 at 9:47 am
So I’ve been using Vanguard. Recently I just opened up a Webull account.
If I have $$ in my settlement fund from stocks I’ve already sold, are there any further tax implications than the existing capital gains logged if I withdraw those $$s from the settlement fund to my bank, and then deposit over to Webull?
I feel like there shouldn’t be...but rather ask a dumb question than not and pay for it later.
If I have $$ in my settlement fund from stocks I’ve already sold, are there any further tax implications than the existing capital gains logged if I withdraw those $$s from the settlement fund to my bank, and then deposit over to Webull?
I feel like there shouldn’t be...but rather ask a dumb question than not and pay for it later.
1
Posted on 5/17/20 at 6:42 am to Brettesaurus Rex
No. Moving cash is not a taxable transaction.
Posted on 5/17/20 at 1:42 pm to TakeThat
Thanks 
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