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Conversion of BRKA to BRKB Online At Vanguard?

Posted: Wed Nov 10, 2010 8:43 am
by StoneReader
Has anyone converted their BRKA shares to BRKB shares using Vanguard Brokerage?

Can you do this online?

Posted: Wed Nov 10, 2010 11:23 am
by StoneReader
I answered my own question. You can not do this on line but must call Vanguard Brokerage.

The non-taxable conversion of BRKA shares ($120,000) to BRKB shares ($80) only takes 3 days.

Re: Conversion of BRKA to BRKB Online At Vanguard?

Posted: Sat May 02, 2020 7:46 pm
by badapu
Does it trigger capital gains? or only for the amount of BRK B you eventually sell??

Re: Conversion of BRKA to BRKB Online At Vanguard?

Posted: Sat May 02, 2020 7:51 pm
by jacoavlu
It is a non taxable transaction

Like converting VTSAX to VTI

Re: Conversion of BRKA to BRKB Online At Vanguard?

Posted: Sat May 02, 2020 9:27 pm
by Eagle33
jacoavlu wrote: Sat May 02, 2020 7:51 pm It is a non taxable transaction

Like converting VTSAX to VTI
From what Warren Buffet said today during Q&A session - yes. In fact he does it when he gives to charity, he converts his A shares to B shares first and then gives the B shares to the charity.

Re: Conversion of BRKA to BRKB Online At Vanguard?

Posted: Sun May 03, 2020 12:12 am
by StealthRabbit
when he gives to charity, he converts his A shares to B shares first and then gives the B shares to the charity.

good way to fund your DAF.

My DAF has been a very valuable tax planning tool that provides stability and consistency to my gifting for perpetuity. (in yrs such as these... no wage income for past 16 yrs)