My mom was in assisted living before she passed in 2011. My brother and I inherited an annuity, split 50/50. The nursing home was owed $15,000 at the time of her death, and we are both currently pitching in all of our income from the annuity to pay off this debt. Is there some way we can deduct this amount from our taxes?
I agree that if your brother is legally liable for that $15,000, you should split it with him. But first I would find out your exact legal position. Creditors will always press to get paid from anyone who can be pressured into it. If you owe it contractually, pay it. But you don't owe it out of your own pocket just because she was your mother.