I Just Inherited $250,000. Here’s the Tax Mistake That Could Cost Me $75,000.

A $250,000 inheritance can carry very different tax consequences depending on what you receive. Investments in a taxable account may qualify for a stepped-up cost basis, while distributions from an inherited traditional IRA are generally taxable as ordinary income. Taking too much from an inherited IRA in one year could leave you with a much […] The post I Just Inherited $250,000.