Conversion of BRKA to BRKB Online At Vanguard?

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StoneReader
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Conversion of BRKA to BRKB Online At Vanguard?

Post by StoneReader »

Has anyone converted their BRKA shares to BRKB shares using Vanguard Brokerage?

Can you do this online?
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StoneReader
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Post 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.
badapu
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Re: Conversion of BRKA to BRKB Online At Vanguard?

Post by badapu »

Does it trigger capital gains? or only for the amount of BRK B you eventually sell??
jacoavlu
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Re: Conversion of BRKA to BRKB Online At Vanguard?

Post by jacoavlu »

It is a non taxable transaction

Like converting VTSAX to VTI
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Eagle33
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Re: Conversion of BRKA to BRKB Online At Vanguard?

Post 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.
Rocket science is not “rocket science” to a rocket scientist, just as personal finance is not “rocket science” to a Boglehead.
StealthRabbit
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Re: Conversion of BRKA to BRKB Online At Vanguard?

Post 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)
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