They show it
as a transfer. I had a Fidelity one this year. They moved completely from one fund to another. A nice letter attached saying it was not a sale because the assets in the two funds qualified as similar enough that it was not a sale. You have to have a specific account classification (minimum holdings) to qualify at their place, but transfer was not considered a sale. Do not see it often, but once in a blue moon. In this case they moved into a hiher paying dividend fund. The funds had been submitted to the IRS to qualify. There were sales on the 1099-B, but not for this transfer.
as a transfer. I had a Fidelity one this year. They moved completely from one fund to another. A nice letter attached saying it was not a sale because the assets in the two funds qualified as similar enough that it was not a sale. You have to have a specific account classification (minimum holdings) to qualify at their place, but transfer was not considered a sale. Do not see it often, but once in a blue moon. In this case they moved into a hiher paying dividend fund. The funds had been submitted to the IRS to qualify. There were sales on the 1099-B, but not for this transfer.
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