highly appreciated taxable securites
Can an investor transfer highly appreciated taxable security purchased in 1988 in a taxable account to a individual 401k in lieu of cash (maximum $45k) and will this trigger a taxable event? Thank you.
Can an investor transfer highly appreciated taxable security purchased in 1988 in a taxable account to a individual 401k in lieu of cash (maximum $45k) and will this trigger a taxable event? Thank you.
Permalink Submitted by Al Fry on Wed, 2007-11-07 19:47
Don’t think so, must be cash. But why would one want to? Cap gains rates are (currently) at a possible 15%. In the 401 (k) they may end up taxable at ordinary rates.