I just inherited a good some of money, all in bonds, stocks, and mutual funds.
People keep telling me the government does not tax inheritances anymore (under $1.5M). I am guessing this only applies to cash, not stocks and bonds.
I do have to take out a minimum each year because it is not a spousal inheritance, but if I decided to cash all or some of it out, will I pay taxes on it?
Inheritance is not generally not taxable in the state of Louisiana. If the deceased died in 2012, their estate would have to be over 5m to be taxable on the federal level.
Your last sentence leads me to believe that you are the beneficiary of some tax advantaged account which will have its own rules by law. You will want to see a CPA.