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Old 01-20-2008, 05:04 AM
D. Stussy
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Default Re: Death of dependent

"Condor" <Condor[at]loosecannon.net> wrote in message
news:KrOdnQ6AqO9_1RHanZ2dnUVZ_hCdnZ2d[at]comcast.com...
- quote -

> > I have claimed my mother as a dependent on Federal income tax return, as
I
> > provide more than 50% of her living expense.
> > Sadly, she passed away in late 2007.
> > Can I still claim her as a dependent in my 2007 tax return?
> > Is any of her funeral expense tax deductable (or reduce my tax in any
> > way)?
> > Thank you.

> You can claim her as a dependent for 2007.
> None of the funeral expenses are deductible.


Technically wrong.

A correct statement would be: None of the funeral expenses are deductible
for INCOME tax purposes. They are deductible for ESTATE tax purposes.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 01-16-2008, 01:09 PM
Benjamin Yazersky CPA
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Default Re: Death of dependent

On Jan 15, 12:13 am, Thomas Cruise <tcru...[at]yahoo.com> wrote:
- quote -

> I have claimed my mother as a dependent on Federal income tax return, as I
> provide more than 50% of her living expense.
> Sadly, she passed away in late 2007.
> Can I still claim her as a dependent in my 2007 tax return?
> Is any of her funeral expense tax deductable (or reduce my tax in any way)?
> Thank you.
> --




read the instructions for dependents
you should be able to claim your mother - if you meet the requirements

the funeral expenses may be deductible against your mother's estate
the place to claim that is on a a 706 (estate tax)




<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----





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--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 01-15-2008, 05:16 AM
Condor
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Posts: n/a
Default Re: Death of dependent

- quote -

> I have claimed my mother as a dependent on Federal income tax return, as I
> provide more than 50% of her living expense.
> Sadly, she passed away in late 2007.
> Can I still claim her as a dependent in my 2007 tax return?
> Is any of her funeral expense tax deductable (or reduce my tax in any
> way)?
> Thank you.


You can claim her as a dependent for 2007.

None of the funeral expenses are deductible.


Condor

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 01-15-2008, 04:13 AM
Thomas Cruise
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Posts: n/a
Default Death of dependent

I have claimed my mother as a dependent on Federal income tax return, as I
provide more than 50% of her living expense.
Sadly, she passed away in late 2007.
Can I still claim her as a dependent in my 2007 tax return?
Is any of her funeral expense tax deductable (or reduce my tax in any way)?
Thank you.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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