No, it is not reportable as an asset on the personal return. It is not included on the personal return at all.
Funeral expenses are not deductible on the 1041estate return to determine taxable income.
They are only deductible on form 706 when trying to calculate the Federal Estate Tax. If you are entering funeral expenses on form 706, then yes, you would need to deduct the amount you received from FEMA from the amount you enter.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
