I think there's a conceptual misunderstanding here.
Securities are intended to represent things like stocks, bonds, funds,
ETFs or other investments. They are not, in and of themselves, taxable
or nontaxable.
You can own shares of a security in both taxable and non-taxable
accounts. For example, I may own shares of AMZN in my regular brokerage
account. Any dividends or capital gains I make in that account will be
taxable. The same type of gains for the same security in a non-taxable
account, like a Roth IRA, are untaxed.
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