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    somu_banerjee's Avatar
    somu_banerjee Posts: 14, Reputation: 1
    New Member
    		  
    #1

    Jul 15, 2012, 09:18 AM
    Transfer of units between Mutual Funds
    Hi
    I have another tricky question related to Mutual Funds.

    1. I have transferred units of Mutual Fund A to Mutual Fund B.They belong to the same fund family.Is there anything which needs to be reported related to this transaction to IRS when preparing my return.

    I did not get the money into account,the brokerage house takes care of the transfer.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 15, 2012, 01:52 PM
    The transfer is considered a sale which must be reported on Schedule D.
    somu_banerjee's Avatar
    somu_banerjee Posts: 14, Reputation: 1
    New Member
    		  
    #3

    Jul 15, 2012, 04:22 PM
    Hi,

    So what will be the income in this case?

    1.Is it just the amount which I gained/lost?

    Or

    2. Is it the entire fund value?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jul 15, 2012, 04:40 PM
    The amount gained or lost.
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