Comments on: How are mutual fund beneficiaries taxed? http://www.secretfinance.com/blog/how-are-mutual-fund-beneficiaries-taxed/ Thu, 09 Feb 2012 03:46:22 +0000 http://wordpress.org/?v=2.7 hourly 1 By: v b http://www.secretfinance.com/blog/how-are-mutual-fund-beneficiaries-taxed/comment-page-1/#comment-1817 v b Sun, 05 Apr 2009 07:21:25 +0000 http://www.secretfinance.com/blog/how-are-mutual-fund-beneficiaries-taxed/#comment-1817 The IRA was tax deferred, which means when you take the money, you will be taxed. This is taxed as regular income. (Because your dad never paid the taxes on it, you get to.) IF the mutual fund is a separte non-IRA account, you will get taxed only on the difference between the value on the date of death and the value when you sell it. This will always be a long term gain or loss. The IRA was tax deferred, which means when you take the money, you will be taxed. This is taxed as regular income. (Because your dad never paid the taxes on it, you get to.)

IF the mutual fund is a separte non-IRA account, you will get taxed only on the difference between the value on the date of death and the value when you sell it. This will always be a long term gain or loss.

]]> By: Scott K http://www.secretfinance.com/blog/how-are-mutual-fund-beneficiaries-taxed/comment-page-1/#comment-1816 Scott K Wed, 01 Apr 2009 22:28:44 +0000 http://www.secretfinance.com/blog/how-are-mutual-fund-beneficiaries-taxed/#comment-1816 since it was never taxed, it will be upon distribution, but you won't have to pay any of the penalties. since it was never taxed, it will be upon distribution, but you won’t have to pay any of the penalties.

]]>