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.
The tax implications for SIMPLE IRAs may be different.
Want to learn more about IRAs? Watch this video: IRAs Explained (Roth, Traditional, and SEP)
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