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Index/Topics/Taxable Brokerage Accounts

Taxable Brokerage Accounts

Taxable brokerage accounts typically receive a stepped-up basis to fair market value on the decedent's date of death.

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Jan 26, 2026
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Are inherited Ira stepped up?

do not get a stepped-up cost basis like most ; distributions from inherited traditional IRAs are taxed as ordinary income (the IRA balance represents “income in respect of a decedent,” which does not ...