Inheritance & Estate
“I inherited money, is that taxable to me?”
Inherited money is often treated differently depending on what was received and how it was transferred. In many cases, the inheritance itself is not taxed as ordinary income, but the tax picture can change if the assets later produce interest, dividends, rental income, or capital gains. The source of the funds, whether they came from a cash account, retirement account, or property sale, can also matter. State inheritance or estate tax rules may vary as well, and recordkeeping around the date and value of what was received is often important. 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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