456703
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?
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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.
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