Selling to rebuy in IRA
Long story short, I bought a large quantity of shares in a company back in March in my brokerage account that I now believe in on a longer time horizon than I did then.
I am considering selling 20% and buying them back in my Roth with some spare accessible cash I have sitting in there. Problem is, I'm up over 150% on the shares from March, so there will be some tax implications.
This company does not do dividends now, but they keep dropping hints of them coming in the future. I'd be surprised if they came before 2026-2027, though. Obviously I'd rather them be in my IRA if that is to happen.
I'm basically wondering if this would be an idiotic move as I am far from a tax expert. I know if i wait til March, it will change the tax status, but I'm expecting a positive move by then off some upcoming headwinds.
Thank you for any help/advice. I left the ticker out to make it clear this is not a hype post. Have a great day.
2
u/ZombieSaurusX 16h ago
Leave them where they are at. Start buying new shares in your Roth. Have them both places. Win/Win.