turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lindad
New Member

Can I claim funeral expenses that were paid from an inherited IRA?

My mother passed in 2018 and my brother and I inherited her 401k.  Mom had life insurance, 'just enough to bury me'.  Well, that was over 30 years ago so, no it wasn't enough.  I received 1/2 her IRA (brother got the other half).  My brother fronted the remaining expense of the funeral and when I received my half of the 401K, I gave him money from that to pay for the funeral.  Is that deductible?

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
2 Replies

Can I claim funeral expenses that were paid from an inherited IRA?

Sorry, no.  Funeral expenses are not deductible on a tax return.  The funds given to your brother would be considered a gift and gifts given to an individual are not reported on a tax return.

lindad
New Member

Can I claim funeral expenses that were paid from an inherited IRA?

:(  Okay, thank you!  Was hoping that was NOT the answer
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v