Originally I owned Proctor and Gamble, PG:NYSE in only my trading account since 2010.
Seeing that dividend tax rates are likely to go up, I decided to move my PG holding to my tax sheltered IRA account. Today’s selling of PG was the completion of PG stock from my trading account to my IRA.
With earlier purchases of PG on 10/25/12 at $65.09 and on 1/24/12 at $64.56 for my retirement account, I had equal amount of shares in my retirement account as I had in my trading account. Today’s selling action zeros out my trading PG stock by closing out PG shares at $66 and booking nearly an 11% long term taxable gain.
I’m still long on PG with 1/2 of my long term target position entirely in my Retirement account. And its nice to know I bought those retirement shares at a lower price than I’m selling my non-retirement shares.
Here are more thoughts on PG