Comment by kristianp
2 days ago
> having dealt with Cashapp support in the past
Yet you're still a user? Perhaps you also do not care? Actually the "do not care" covers a lot of ground here, perhaps you still find it useful and reliable enough, that you are willing to forgive this one bug due to the general convenience of cashapp.
No, I despise their stock feature. It was just easy to set up, but is fundamentally terrible in every aspect. The rub is I have a bunch of stock with them from the start of the pandemic and am pretty sure there is no way to move it to another service without triggering a taxable event.
So I guess I don't care in that I don't care enough to lose money on switching, or complicating my taxes even further by utilizing multiple investment firms.
They have an option to do an ACATS to another brokerage account. They do not mention specifically, but it looks like this would be considered a stock transfer "in kind" which should not be considered a taxable event.
https://old.reddit.com/r/Fidelity/comments/la7tj6/can_someon...
https://cash.app/help/5026-transferring-stock-to-another-bro...
Oh interesting! Thank you kind stranger