Inheritance & Estate
“I got an inheritance, does that count as taxable income?”
An inheritance often is not treated the same as regular taxable income, but the tax picture can still depend on what was inherited and how it is later used or sold. Cash, investment accounts, retirement assets, and inherited property can each have different reporting and tax effects, and the timing of any sale or distribution can matter. Estate-level filings, basis information, and whether any income was generated after the person’s death are also common factors. In many cases, the answer turns on the type of asset and the records that came with it. A targeted review with a CPA can turn the uncertainty into a clear next step.
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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