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New Member
posted Jun 1, 2019 11:35:59 AM

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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Expert Alumni
Jun 1, 2019 11:36:01 AM

I am sorry for your loss.  Unfortunately no, there is no deduction for these expenses on your return.