<enost1[at]netscape.net> wrote:

- quote -

Not federal; maybe North Carolina. Can't help on what's
deductible on their estate tax returns.

- quote -

A search of the decedent's tax records and copies of tax
returns. Form 8606 is attached to any 1040 where
nondeductible contributions are made. You can request about
6 years of return copies from IRS, at $39 each, but did
contributions predate this period? You can get maybe 10
years of a computer summary of each return, using Form
4506-T, and you may be able to deduce what was/wasn't
deducted. But Form 8606 info may not be there. Without
basis info (nondeductible contributions), all distributions
will be taxable when they happen.

- quote -

Probably nothing. Distribution out of this IRA should be
taxable.

Fred F.

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I am the administrator/executor of my brother's estate. He
died in Nov 2003. He had an IRA worth $30,000; a home worth
$85,000, and a few other assets totaling less that $7,000.
He was on social security. I am also the sole beneficiary.
My questions:
- Do I file an estate tax form?
- Are there any provisions for deducting expenses such as
burial; ambulance, medical, and hospital at time of death;
cost for newspaper filing; clerk of court costs,etc? (Total
is nearly half of the IRA)
- How do I determine if the contributions he made to the IRA
were deductible/non-deductible?
-The company he worked for indicated that this IRA had
previously been a "profit-sharing" plan. What do I need to
know about that?
-My assumption is the entire IRA will be treated as income
to me when distributed?

Thank you.

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