6min chapter

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Inherited Account Deep Dive, Barista FI and Saving When Starting a Business | Rachael Camp | Ep 534

ChooseFI

CHAPTER

Understanding Inherited Accounts: Tax Implications and Strategies

This chapter explores the complexities of inheriting brokerage and retirement accounts, highlighting the critical need for accurate cost basis transfers to minimize tax liabilities. It also addresses the tax implications of joint accounts and the differing rules associated with inheriting traditional versus Roth IRAs, along with considerations for inherited real estate.

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