Cemanuel 2022 Portfolio Thread

[Dividend Watcher]

(06-17-2022, 06:44 AM)cemanuel Wrote: *Very simple. The interface lists each holding in the IRA and gives you the option to convert some or all of it. The next point of curiosity is what price it gives me for converted stocks. I THINK it will be the price at the time I make the transfer but I've seen sites saying the actual transfer may execute a day or two later using those prices. I'll know when I know.

^Cash was available immediately. I won't know on stocks until I convert one.

TDAmeritrade transfers in the same order as your default sell order. I use FIFO for sales. LIFO is also available.** The basis in the Roth is the same as before for the shares transferred. Fractional shares in the IRA would be split, if needed. For example, if you had 100 shares and the next 2 dividends reinvested for 0.6 shares each (for a total of 101.2 shares), then you transferred 101 shares, the 0.2 shares remaining in the IRA would be valued at the original cost also. You can also transfer fractional shares if you're moving 1 share or more (see NOTE). I don't recall the market value reported to the IRS (open/close/avg/etc.) and I'm too lazy to dig out those statements, the 1099-R, and see what the price action was that day.

(NOTE: That was hypothetical for a simple example. In reality, TDA doesn't allow <1 share balance to remain in the account and it would be sold and added to your cash balance.)

Availability is next business or 2nd day depending on when you entered the order -- after hours or during market normal hours.

Cash available next business day, IIRC.


** Don't know if specific shares ID works any more. Haven't used it in years.