An exchange "in-kind" from Brokerage A to Brokerage B would not result in paying taxes. It seems likely that an exchange from a fund to an ETF of the same fund would not either, but I don't know that for sure. Ask a Vanguard rep to verify (or maybe someone here that has done such an exchange can verify).I would like to simplify these by consolidating as long as I don't have to pay taxes in the process of doing that.
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I was thinking of exchanging (not selling) all VTSAX to VTI and VTIAX to VXUS for both of us as I have been thinking of doing it from some time but never actually got it in an effort to be more tax efficient.
Your funds placement already seems to adhere to the Wiki article on Tax-Efficient Fund Placement. I'm not sure what efficiency you're expecting from converting from a fund to an ETF (there's none that I'm aware of, I thought the only difference was in NAV pricing after close-of-market for a fund vs share price continuously on the stock exchanges during market day for an ETF, and perhaps fractional shares being an issue for ETFs with certain brokerages).Also, are there any errors in my asset allocation in terms of being tax efficient.
What tax efficiency are you thinking (maybe the conversion from fund to ETF was not it and I missed another move you're making)?
Statistics: Posted by bonesly — Thu Dec 14, 2023 11:22 pm — Replies 2 — Views 205