@skullcandles wrote:
Thanks for the reply, I was thinking that a non-IRA inherited account (this is a brokerage account) will be taxed on withdrawals like an inherited IRA account, but since the original owner already paid taxes, that is not correct. Taxes are paid like any other brokerage account, on interest, dividends, and cap gains.
Correct, and you inherited a stepped up cost basis when the previous owner died, too.
