Inheritance & Estate
“Do I have to include my inheritance on my tax return?”
Whether an inheritance belongs on a tax return often depends on what was inherited and how it was received. Cash, property, retirement accounts, and investment assets can each have different reporting considerations, and the timing of any later sale or distribution can matter as well. The relationship to the person who left the inheritance, the type of account or asset, and whether income was generated after the transfer are all factors that can shape the answer. In many cases, the inheritance itself is treated differently from earnings, gains, or other amounts connected to it. Going through your records with a CPA usually surfaces the answer in under an hour.
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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