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My mother got some type of letter from the funeral home stating she has $29.00 taxable interest from her prepaid Funeral Trust.

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If the interest was not paid to her and it stayed in the Trust, then you deduct any maintenance fees imposed by the funeral home holding the trust. Usually there is a net loss. If the $29.00 has no deductions against it, you pay 15% tax. The IRS will help you. Call -800-829-1040 .
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She would report that on her income tax, IF she files income tax.
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