Inheritance & Estate
“Do I pay federal or state tax on an inheritance I got?”
An inheritance often raises both federal and state tax questions, but the answer depends on what was received and where the decedent and beneficiary are connected. In many cases, the inherited property itself is not treated the same as ordinary income, while later income from that property, such as interest, dividends, or gains after a sale, can matter. State rules vary more widely and can depend on the state of residence, the estate’s location, and whether the transfer came from cash, investments, real estate, or retirement accounts. A short conversation with a CPA can sort out what applies to your specific numbers.
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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