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taxes. It’s always very confusing regarding inheritances. And so the caveat, I mean, the general um rule is when you receive inheritances, it’s completely tax-free to the person inheriting it. Okay, that’s the general rule. The biggest caveat or exception to that rule is taxdeerred accounts and those are things like IRA and 401k. Anything retirement account related is a tax deferred account. So that means whoever receives that as a beneficiary will still have to pay income tax when the money is pulled
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out from that account. Everything else is income tax-free to the person receiving
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