system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
What is the main tax-related difference between a brokerage account and an IRA ?


assistant
The main difference tax-related difference between a brokerage account and an IRA is that the gains made on investments in a brokerage account are subject to capital gains taxes while gains in an IRA are not.