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?

633

Level 15

Jun 4, 2019 4:15:45 PM

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.

New Member

Jun 4, 2019 4:15:46 PM

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

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