Inheritance & Estate
“I inherited money, do I have to pay taxes on it?”
In many cases, inherited money is treated differently from earned income, so the tax outcome often depends on what was inherited, how it was received, and whether the assets produced income after the inheritance. Cash, investments, retirement accounts, and property can each raise different reporting questions, and state rules may also affect the picture. The timing of any sale, distribution, or transfer can matter as well, especially if the inheritance includes assets that changed in value. Working through the specifics with a CPA is the cleanest way to land on the right move.
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.
“Do I owe tax on money I inherited?”
“I got an inheritance, is it taxable to me?”
“I received an inheritance, do I report it on my taxes?”
“Do I pay federal or state tax on an inheritance I got?”
“I own substantial commercial real estate assets and want to pass them to my children, is forming a Family Limited Partnership the most tax-efficient legacy structure?”
“I expect federal estate tax exemption limits to drop drastically next year, should I aggressively gift assets to my irrevocable trust now to lock in the current high limits?”
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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