Let's say I inherited some money and it was given to me in the form of an annuity paid into an inherited IRA. If I buy stocks in this account and sell them, do I owe gains taxes like a traditional brokerage, or are they tax exempt like a Roth? And if I do owe gains taxes, when do I pay them? The same year as the sale or when the money is distributed out of the Inherited IRA? This is an inherited IRA following the 10-year structure and the original owner of the account was well past retirement age.
Sorry for the rambling question. There is lots of info on Roth and Brokerage accounts, but not much guidance regarding tax rules for inherited IRAs.
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