Inheritance & Estate
“I received an inheritance, do I report it on my taxes?”
An inheritance is often treated differently from income, so the reporting question usually depends on what was inherited, how it was transferred, and whether any income was generated after the asset changed hands. Cash, investment accounts, retirement assets, real estate, and jointly owned property can each raise different tax and recordkeeping considerations. In many cases, the main issue is not the inheritance itself but later activity, such as interest, dividends, sales, or distributions. State law, estate documents, and account records can also affect how the situation is handled on a tax return. A short conversation with a CPA can sort out what applies to your specific numbers.
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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