Inheritance & Estate
“Do I have to claim inherited money on my tax return?”
Inherited money is often treated differently from earned income, so the answer depends on what was inherited and how it was received. Cash, investment accounts, retirement assets, and property can each have different reporting implications, especially if the inheritance later produces interest, dividends, capital gains, or required distributions. The date of death value, the source of the asset, and whether any income was generated after the transfer are often important factors. In many cases, the inheritance itself is not reported as taxable income, but related activity can still affect a return. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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