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Can I transfer mutual fund assets from one mutual company to another company without being charged a tax?


I.E. transfer funds from Scudder to Janus.

If this is an IRA, there's no tax due now. IRAs are only taxed when you withdraw the money. Just make sure the money gets transferred directly from Scudder to Janus without you taking control of it in the middle or then you could have tax issues if you don't send it Janus quickly enough.

If it's NOT and IRA, it depends on whether you can keep the money in the same fund. If you're moving from one fund company to another, you probably can't do that.

If you're in a proprietary Scudder fund, you'll most likely have to sell it and transfer the cash to Janus and then buy one of their funds. As soon as you sell, that's a taxable event and you'll have to report the capital gain or loss from that sale on your tax return.

But if Janus is able to accept the transfer as shares in the Scudder fund so that you don't have to sell it, then the transfer would not be a taxable event.

Yes you can ,but most do charge an transfer fee, talk to your financial coach

I sounds to me like you are selling out of Scudder and buying Janus - which unless you are doing this in a traditional IRA, that is a taxable event.

Unless its in a tax-deferred account like an IRA or 401k the answer is no. A transfer is considered a sale whether its between funds in the same family or otherwise, and its taxable if its in a taxable account.

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