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Can I deduct expenses from an inherited IRA?
My brother passed away unexpectedly and I inherited approximately $30000 from his retirement plan. His estate had $17000 in expenses, including unpaid credit cards, ambulance fees, insurance co-pays and attorney fees. Am I able to deduct any of these since I paid them out of the $30000 inheritance?
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‎June 1, 2019
11:35 AM