When I was a child, my parents opened up a UTMA Investment account which diversified funds into mutual funds. That account has grown significantly, and now I am looking to sell these funds to buy a house. I recently gained control of that account, and in the process I had to open up a new account and transfer the funds between accounts. This was about 5 months ago, so my main concern was whether this will count as LTCG or STCG. There is a very drastic tax difference between the two, and I wanted some clarity on this.
Thank you! If this is posted in the wrong spot please let me know.