Inheritance & Estate
“I inherited money, do I owe taxes on it?”
In many cases, an inheritance is not taxed the same way as ordinary income, but the answer can depend on what was inherited, how the assets were held, and whether any income, gains, or distributions are involved after the transfer. Cash, brokerage assets, retirement accounts, and property can each raise different tax considerations, especially if the estate itself had income or the inherited asset is later sold. State inheritance or estate tax rules may also vary. The overall tax picture often turns on the source of the funds, the timing of receipt, and how the inherited property is handled afterward. 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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