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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?

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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

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