Inheritance & Estate
“I got a large inheritance, am I taxed on it?”
An inheritance can raise several tax questions, but the answer often depends on what was inherited, how it was held, and whether any income or gains are generated after the transfer. In many cases, the inheritance itself is not treated the same as ordinary income, but related items like retirement accounts, appreciated property, or later sales can change the picture. Estate tax, state-level rules, and the timing of distributions can also matter. The value of the assets, the decedent’s account types, and whether the inheritance came through a trust or probate process are common factors that shape the tax treatment. 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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