How are mutual fund beneficiaries taxed?
Posted March 31st, 2009 by admin 2 Comments »
michaelblog asked:
I am the beneficiary of my father’s mutual fund or IRA. When the money is distributed to me, does the IRS see that as income or as inheritance? How it is taxed?
I am the beneficiary of my father’s mutual fund or IRA. When the money is distributed to me, does the IRS see that as income or as inheritance? How it is taxed?