Do You Pay Taxes On Inherited Mutual Funds


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Fortunately, you have many options to minimize the taxes on your investment portfolio. Some of them are so simple anyone can do them, while others are more ... more broadly diversified mutual funds rather than a whole bunch of less diversified niche.

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such as a brokerage firm or mutual fund company. Money from an inherited IRA must be directly transferred from the old account to the new one, so check with the new administrator to find out what steps you need to take to do this. "The new IRA custodian.

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If you inherit an investment such as mutual fund shares ... your cost will be the value of the fund shares on the date of death of the person who left you the shares. You do not pay taxes on the gains the previous owner had in the fund while she was.

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The best way to make sure your pension ends up in the hands you prefer is to use your provider’s Expression of Wish form. This is important because the reason beneficiaries don’t usually pay inheritance tax on money from ... should do with your assets.

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