Inheritance & Estate
“I received an inheritance, do I need to pay federal or state tax on it?”
An inheritance often raises both federal and state tax questions, and the answer usually depends on what was inherited, where the decedent lived, and whether the assets later produce income or gains. In many cases, the inheritance itself is not treated the same as wages or ordinary income, but related issues can still come up for estate filings, trust distributions, or the tax treatment of a later sale. State rules can also vary, especially if real estate, retirement accounts, or accounts in different states are involved. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
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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