Inherited mutual funds and taxes?
Asked by: tmoran
I inherited a mutual fund from my mother upon her passing. My question is, what kind of taxes am I going to have to pay? I have no intention on selling the mutual funds now but come next april, do I just pay taxes on the dividends? When I do sell, am I just going to have to pay taxes on the gains from when I inherited them? Thank you.
How others found here:
- Taxes On Inherited Mutual Funds
- are inherited mutual funds taxable
- valuation date for inhertited mutual funds