I don't have a brokerage account anywhere; I own Vanguard mutual funds directly from Vanguard.
The response (above) from Nisiprius tells it all in a nutshell. (Pay close attention to posts by Nisiprius as he gives good info in good detail.)
Gill wrote:The taxes don't "go away". The capital gain will be distributed to you with the payouts.
sscritic wrote:I promised I wouldn't look again, but then see what happened? I am so ashamed of looking stuff up for other people. I really have to stop.