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What are the tax implications of transferring my IRA to Wealthfront?

Traditional IRA, Roth IRA, SEP IRA:

There are no tax implications for automated transfers requested through our website, which are considered trustee-to-trustee transfers. The other benefit of trustee-to-trustee transfers is that you have no corresponding tax forms or filing requirements.

Once Wealthfront receives your transfer, we’ll sell any investments that don’t fit your Wealthfront portfolio. Since this is a tax-advantaged account, you won’t incur any taxes for selling these investments.

SIMPLE IRA:

The tax implications for SIMPLE IRAs may be different.

Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.

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